{"id":32,"date":"2023-03-09T01:46:39","date_gmt":"2023-03-09T01:46:39","guid":{"rendered":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/?page_id=32"},"modified":"2024-05-23T13:02:48","modified_gmt":"2024-05-23T13:02:48","slug":"financials","status":"publish","type":"page","link":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/financials\/","title":{"rendered":"Financials"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\">From donations to Scout action<\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:10px;--awb-background-color:var(--awb-color6);--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-testimonials classic awb-speech-bubble-show fusion-testimonials-1\" style=\"--awb-textcolor:var(--awb-color8);--awb-backgroundcolor:var(--awb-color2);--awb-margin-right:20%;--awb-margin-left:20%;--awb-testimonial-border-style:solid;--awb-testimonial-border-color:var(--awb-color3);--awb-navigation-size:12px;--awb-border-top-left-radius:0px;--awb-border-top-right-radius:0px;--awb-border-bottom-left-radius:0px;--awb-border-bottom-right-radius:0px;--testimonial-border-width-top:0px;--testimonial-border-width-right:0px;--testimonial-border-width-bottom:0px;--testimonial-border-width-left:0px;\" data-random=\"0\" data-speed=\"4000\"><div class=\"reviews\"><div class=\"review active-testimonial alignment-left avatar-image\"><blockquote><div class=\"awb-quote\"><div class=\"awb-quote-content\">\n<p><span class=\"LineBreakBlob BlobObject DragDrop SCXW57650527 BCX0\"><em>\u201cAs we reflect on another year of impactful initiatives and meaningful progress, I am humbled by our BP Fellows\u2019 and donors&#8217; unwavering support and dedication. Your generosity fuels our mission to empower young people worldwide through Scouting, fostering leadership, resilience and community spirit. Year after year, we are making strides to build on the transparency and clarity of our reporting, and in this section of the annual report, we invite you to explore and understand how your donations are being taken care of to increase the impact of Scouting worldwide. Thank you for your trust, partnership, and belief in the transformative power of Scouting.\u201d<\/em><\/span><\/p>\n<\/div><\/div><span class=\"awb-triangle\"><\/span><\/blockquote><div class=\"author\"><span class=\"testimonial-thumbnail\"><img decoding=\"async\" class=\"testimonial-image\" src=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2023\/04\/06.-Mr-Mark-Knippenberg.-Chief-Executive-Officer.jpg\" width=\"350\" height=\"350\" style=\"--awb-border-radius:50%;\" \/><\/span><span class=\"company-name\"><strong>Mark Knippenberg<\/strong><span>, <\/span><span>Chief Executive Officer<\/span><\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\" style=\"--awb-margin-top:20px;\"><p>Each dollar donated to Scouting via the Foundation follows a specific pathway before it is granted to World Scouting. Discover this journey and learn how we manage and invest your contributions to support the growth and development of Scouting:<\/p>\n<\/div><div class=\"fusion-image-element \" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"1985\" height=\"1053\" title=\"AR23_Financials-donations-diagram\" src=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram.png\" alt class=\"img-responsive wp-image-1901\" srcset=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram-200x106.png 200w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram-400x212.png 400w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram-600x318.png 600w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram-800x424.png 800w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram-1200x637.png 1200w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials-donations-diagram.png 1985w\" sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\">Funds Raised<\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:var(--awb-typography1-line-height);\">Our donors at a glance<\/h3><\/div><div class=\"fusion-text fusion-text-2\" style=\"--awb-margin-top:20px;\"><p>We are incredibly grateful to all our BP Fellows and donors who either started, continued or increased their contributions to the Foundation in 2023. Thanks to the hard work of our Board, Fundraising Committees and staff team, we had a successful year, raising a total of USD 4.72 million in monetary donations and other income. This is a slight decrease from USD 5.2 million in 2022, which aligns with the global trends many charities experienced after the economic downturn in 2022.<\/p>\n<p>Since we started to implement our new Strategy, we have been segmenting our income per donor segment. Our Institutional Donors have contributed 34% of our total donation income, and the remaining 66% came from individual giving.<\/p>\n<\/div><div style=\"width: 100%;\"><div style=\"position: relative; padding-bottom: 41.67%; padding-top: 0; height: 0;\"><iframe title=\"Funds Raised 2023\" frameborder=\"0\" width=\"1200\" height=\"500\" style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\" src=\"https:\/\/view.genial.ly\/6634b187768e0900130d0117\" type=\"text\/html\" allowscriptaccess=\"always\" allowfullscreen=\"true\" scrolling=\"yes\" allownetworking=\"all\"><\/iframe> <\/div> <\/div><div class=\"fusion-text fusion-text-3\"><p>We would also like to take the opportunity to thank our BP Fellows who made USD 800,000 in-kind donations to Scouting and\/or contributions directly to local Scout initiatives in 2023.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:40px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\"><strong>The Endowment Fund<\/strong><\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:40px;--awb-background-color:var(--awb-color1);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:var(--awb-typography1-line-height);\">Investing in Scouting&#8217;s future<\/h3><\/div><div class=\"fusion-text fusion-text-4\"><p>As part of our endowment funding model, the majority of the Foundation\u2019s assets are distributed across an investment portfolio managed primarily by JP Morgan Private Bank Switzerland and the Fiduciary Trust Company International (USA). The Foundation\u2019s Investment Committee closely monitors the portfolio.<\/p>\n<\/div><div class=\"fusion-testimonials classic awb-speech-bubble-show fusion-testimonials-2\" style=\"--awb-textcolor:var(--awb-color8);--awb-backgroundcolor:var(--awb-color2);--awb-margin-right:20%;--awb-margin-bottom:40px;--awb-margin-left:20%;--awb-testimonial-border-style:solid;--awb-testimonial-border-color:var(--awb-color3);--awb-navigation-size:12px;--awb-border-top-left-radius:0px;--awb-border-top-right-radius:0px;--awb-border-bottom-left-radius:0px;--awb-border-bottom-right-radius:0px;--testimonial-border-width-top:0px;--testimonial-border-width-right:0px;--testimonial-border-width-bottom:0px;--testimonial-border-width-left:0px;\" data-random=\"0\" data-speed=\"4000\"><div class=\"reviews\"><div class=\"review active-testimonial alignment-left avatar-image\"><blockquote><div class=\"awb-quote\"><div class=\"awb-quote-content\">\n<p><em>&#8220;Throughout 2023, the Investment Committee remained steadfast in its commitment to safeguarding and nurturing our financial assets. Working closely with our partners, we diligently monitored market trends and investment performance. I am pleased to report that our efforts bore fruit, with the portfolio experiencing a noteworthy increase in value by +9.4%, marking a significant turnaround from the challenges faced in 2022. With biannual in-person meetings supplemented by virtual ones, our committee remains agile and proactive in navigating market dynamics. We are confidently on a robust path towards securing the stability and growth of our investments, further fortifying our ability to support Scouting&#8217;s global impact.&#8221;<\/em><\/p>\n<\/div><\/div><span class=\"awb-triangle\"><\/span><\/blockquote><div class=\"author\"><span class=\"testimonial-thumbnail\"><img decoding=\"async\" class=\"testimonial-image\" src=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2023\/04\/15.-Dr-Jens-Ehrhardt.-Member-Chairman-Investment-Committee.jpg\" width=\"350\" height=\"350\" style=\"--awb-border-radius:50%;\" \/><\/span><span class=\"company-name\"><strong>Jens Erhardt<\/strong><span>, <\/span><span>Board Member and Investment Committee Chair<\/span><\/span><\/div><\/div><\/div><\/div><div class=\"fusion-text fusion-text-5\"><p>Interest and dividend income, together with sales gains and fluctuation in financial assets, brought the net financial income to USD 4.7 million. Below, you can see how this money has been allocated.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\">Restricted &amp; Unrestricted Funding<\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-9 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:var(--awb-color1);--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:var(--awb-typography1-line-height);\">Our Assets<\/h3><\/div><div class=\"fusion-text fusion-text-6\"><p>The Foundation holds most of its financial assets in two types of funds:<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-padding-top:15px;--awb-padding-right:25px;--awb-padding-bottom:15px;--awb-padding-left:25px;--awb-overflow:hidden;--awb-bg-color:var(--awb-color4);--awb-bg-color-hover:var(--awb-color4);--awb-bg-size:cover;--awb-border-radius:20px 20px 20px 20px;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\" style=\"--awb-text-color:var(--awb-color1);\"><p><strong>The General Endowment Fund<\/strong> is retained across an investment portfolio. This fund is where we allocate unrestricted donations from individuals, foundations, corporations, governments, all of whom wish to encourage young people to acquire positive values and leadership skills for life. It is important to continue growing this Fund to ensure sustainable long-term support for World Scouting. The Annual Operational Grant to the World Organization of the Scout Movement is drawn from the return on investments in the Endowment Fund.<\/p>\n<p>A total of <strong>USD 5 million<\/strong> was allocated to the General Endowment Fund (USD 1.5 million from the donation income and USD 3.5 million from the net financial income), and a sum of money will be granted to WOSM.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-padding-top:15px;--awb-padding-right:25px;--awb-padding-bottom:15px;--awb-padding-left:25px;--awb-overflow:hidden;--awb-bg-color:var(--awb-color4);--awb-bg-color-hover:var(--awb-color4);--awb-bg-size:cover;--awb-border-radius:20px 20px 20px 20px;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-8\" style=\"--awb-text-color:var(--awb-color1);\"><p><strong>Designated Purpose Funds<\/strong> where the use of the donations is subject to the requirements set by the donor (earmarking). Here we allocate donations received to support specific global projects such as Ticket To Life, Food For Life, capacity-building projects for National Scout Organisations based on World Scouting\u2019s quality standard, the global assessment tool, etc.<\/p>\n<p>Out of the Donation income, <strong>USD 3.2 million<\/strong> was allocated to the Designated Purpose Funds which will be granted to Scouting projects. In addition, USD 1.7 million out of the net financial income was allocated to the Operational Support Fund within the Designated Purpose Funds.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-10 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:var(--awb-typography1-line-height);\">\u201cA dollar for Scouting is a dollar for Scouting\u201d<\/h3><\/div><div class=\"fusion-text fusion-text-9\"><p>By covering our operational expenditure out of the net financial income, the Foundation can assure its donors that every new gift to the Foundation goes entirely to Scouting. No fees or expenses are paid to Officers or Members of the Board or its Sub-Committees.<\/p>\n<\/div><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-three\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:36;line-height:var(--awb-typography1-line-height);\">Additional Assets<\/h3><\/div><div style=\"width: 100%;\"><div style=\"position: relative; padding-bottom: 41.67%; padding-top: 0; height: 0;\"><iframe title=\"Distribution of capital and funds 2023\" frameborder=\"0\" width=\"1200\" height=\"500\" style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\" src=\"https:\/\/view.genial.ly\/6634b3a1d3313c001482d9d1\" type=\"text\/html\" allowscriptaccess=\"always\" allowfullscreen=\"true\" scrolling=\"yes\" allownetworking=\"all\"><\/iframe> <\/div> <\/div><div class=\"fusion-text fusion-text-10\"><p>In addition to the funds outlined above, the Foundation\u2019s assets also include funds held abroad in trust for the Foundation at Scouts Canada, Scouts Australia and WSF Deutschland. It is also important to note that the World Scout Foundation has agreed to accept loans from related parties \u2014 the Asia-Pacific Foundation, World Scout Bureau (including one of its regional offices), Africa Scout Foundation, Interamerican Scout Foundation and the Hong Kong Scout Foundation \u2014 to invest on their behalf. These loans are treated as financial assets and are distributed into our investment portfolio. Its gains or losses are reinvested on behalf of our related parties. These assets are not part of the Endowment Fund, nor the Designated Purpose Funds.<\/p>\n<\/div><div style=\"width: 100%;\"><div style=\"position: relative; padding-bottom: 41.67%; padding-top: 0; height: 0;\"><iframe title=\"Loans from related parties 2023\" frameborder=\"0\" width=\"1200\" height=\"500\" style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\" src=\"https:\/\/view.genial.ly\/6634b46ed3313c00148306ce\" type=\"text\/html\" allowscriptaccess=\"always\" allowfullscreen=\"true\" scrolling=\"yes\" allownetworking=\"all\"><\/iframe> <\/div> <\/div><div class=\"fusion-text fusion-text-11\"><p>The Foundation\u2019s total assets, including funds held in trust and funds received as loans, reached just over USD 63 million on 31 December 2023, an increase from USD 62 million in the previous year.<\/p>\n<\/div><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img decoding=\"async\" width=\"4734\" height=\"1721\" title=\"AR23_financials-Assets\" src=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets.png\" alt class=\"img-responsive wp-image-1930\" srcset=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets-200x73.png 200w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets-400x145.png 400w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets-600x218.png 600w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets-800x291.png 800w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets-1200x436.png 1200w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_financials-Assets.png 4734w\" sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-11 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:40px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\">Grants to World Scouting<\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-12 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-12\"><p>Our extensive fundraising and investment activities allow us to provide <strong>two main funding streams for WOSM<\/strong>:<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-padding-top:15px;--awb-padding-right:25px;--awb-padding-bottom:15px;--awb-padding-left:25px;--awb-overflow:hidden;--awb-bg-color:var(--awb-color4);--awb-bg-color-hover:var(--awb-color4);--awb-bg-size:cover;--awb-border-radius:20px 20px 20px 20px;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-13\" style=\"--awb-text-color:var(--awb-color1);\"><p>1. Since 1977, we provide the <strong>Annual Operational Grant<\/strong> to the World Organization of the Scout Movement (WOSM) to cover the running costs of the World Scout Bureau and its global and regional support centres. This grant is calculated on a formula based on the value of the Foundation\u2019s General Endowment Fund and paid out of its financial gains.<\/p>\n<p><strong>2023: USD 2.8 million<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-padding-top:15px;--awb-padding-right:25px;--awb-padding-bottom:15px;--awb-padding-left:25px;--awb-overflow:hidden;--awb-bg-color:var(--awb-color4);--awb-bg-color-hover:var(--awb-color4);--awb-bg-size:cover;--awb-border-radius:20px 20px 20px 20px;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-14\" style=\"--awb-text-color:var(--awb-color1);\"><p>2. Since 2011, <strong>project funding<\/strong> for National Scout Organisations and the World Scout Bureau, from our Designated Purpose Funds in the form of grants to Scout projects, which are agreed following a robust system of approvals, jointly handled by the Foundation and WOSM.<\/p>\n<p><strong>2023: USD 3.4 million<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-13 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-15\"><p>Total funds disbursed to World Scouting in 2023: <strong>USD 6.2 million<\/strong><\/p>\n<p>The Foundation continues to make concerted efforts, with the support of WOSM, to secure the second phase of Messengers of Peace funding to inspire, enable and deliver even more Scout community service actions and projects for peace and sustainable development.<\/p>\n<\/div><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none\"><img decoding=\"async\" width=\"7809\" height=\"4230\" title=\"AR23_Financials_Diagram_Donations-with-numbers\" src=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers.png\" alt class=\"img-responsive wp-image-1934\" srcset=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers-200x108.png 200w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers-400x217.png 400w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers-600x325.png 600w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers-800x433.png 800w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers-1200x650.png 1200w, https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/AR23_Financials_Diagram_Donations-with-numbers.png 7809w\" sizes=\"(max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-14 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:40px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\"><strong>Integrity, Inclusivity, Accountability and Transparency<\/strong><\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-15 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-18 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-16\"><p>The World Scout Foundation is an independent, not for profit, charitable organisation based in Switzerland, established under Swiss law and subject to supervision by the Swiss Federal Supervisory Authority of Foundations. The Foundation has entities or funds established in Australia, Canada, France and Germany, which will accept tax-deductible contributions from donors residing in these countries.<\/p>\n<p>Contributions to the Foundation can also be made through the National Scout Organisations of Japan, the Netherlands, Mexico, Republic of Korea, the United Kingdom and the United States of America. This might also be possible in other countries and the Foundation is available to assist.<\/p>\n<p>PricewaterhouseCoopers (PwC) audits the accounts and Financial Statements, annually.<\/p>\n<p>Download a copy of the <a href=\"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF-2023-Ordinary-Audit-Report-USD.pdf\" target=\"_blank\" rel=\"noopener\"><strong>audited Financial Statements here<\/strong><\/a>.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-16 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:40px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-19 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\"><strong>Balance Sheet as of 31 December 2023<\/strong><\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-17 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-20 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\">\n<div class=\"table-2\">\n<table width=\"100%\">\n<thead>\n<tr>\n<th align=\"left\">Assets (USD)<\/th>\n<th align=\"left\">31.12.2023<\/th>\n<th align=\"left\">31.12.2022<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\"><strong>Current Assets<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Cash<\/td>\n<td align=\"left\">1&#8217;120&#8217;703<\/td>\n<td align=\"left\">2&#8217;235&#8217;101<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Donations receivable<\/td>\n<td align=\"left\">0<\/td>\n<td align=\"left\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Donations gross<\/td>\n<td align=\"left\">2&#8217;250&#8217;000<\/td>\n<td align=\"left\">2&#8217;250&#8217;000<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Provision<\/td>\n<td align=\"left\">-2&#8217;250&#8217;000<\/td>\n<td align=\"left\">-2&#8217;250&#8217;000<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Prepayments and accrued income<\/td>\n<td align=\"left\">843&#8217;6619<\/td>\n<td align=\"left\">203&#8217;560<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>1&#8217;964&#8217;321<\/b><\/td>\n<td align=\"left\"><strong>2&#8217;438&#8217;661<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Non-current assets<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Financial assets<\/td>\n<td align=\"left\">61&#8217;150&#8217;067<\/td>\n<td align=\"left\">54&#8217;218&#8217;043<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Fixed assets<\/td>\n<td align=\"left\">14&#8217;858<\/td>\n<td align=\"left\">15&#8217;609<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>61&#8217;164&#8217;926<\/b><\/td>\n<td align=\"left\"><strong>54&#8217;233&#8217;652<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Total Assets<\/strong><\/td>\n<td align=\"left\"><b>63&#8217;129&#8217;247<\/b><\/td>\n<td align=\"left\"><strong>56&#8217;672&#8217;313<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Funds held\u00a0<span style=\"text-decoration: underline;\">abroad<\/span> in trust for the Foundation<\/td>\n<td align=\"left\">6&#8217;369&#8217;981<\/td>\n<td align=\"left\">5&#8217;376&#8217;899<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Total assets of the Foundation incl. Funds held in trust\u00a0<span style=\"text-decoration: underline;\">abroad<\/span><\/strong><\/td>\n<td align=\"left\"><strong>69&#8217;499&#8217;228<\/strong><\/td>\n<td align=\"left\"><strong>62&#8217;049&#8217;212<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<\/tbody>\n<thead>\n<tr>\n<th align=\"left\">Liabilities &amp; Funds (USD)<\/th>\n<th align=\"left\">31.12.2023<\/th>\n<th align=\"left\">31.12.2022<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\"><strong>Current Liabilities<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Undisbursed grants payable<\/td>\n<td align=\"left\">3&#8217;645&#8217;903<\/td>\n<td align=\"left\">3&#8217;876&#8217;599<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Loan from related party<\/td>\n<td align=\"left\">12&#8217;715&#8217;410<\/td>\n<td align=\"left\">7&#8217;083&#8217;746<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Accrued and other liabilities<\/td>\n<td align=\"left\">1&#8217;180&#8217;174<\/td>\n<td align=\"left\">1&#8217;750&#8217;385<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>17&#8217;541&#8217;488<\/b><\/td>\n<td align=\"left\"><strong>12&#8217;710&#8217;730<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Non-current liabilities<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Undisbursed grants payable<\/td>\n<td align=\"left\">0<\/td>\n<td align=\"left\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Restricted Funds<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Designated Purpose Funds<\/td>\n<td align=\"left\">3&#8217;478&#8217;077<\/td>\n<td align=\"left\">3&#8217;278&#8217;441<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">The Messengers of Peace Fund<\/td>\n<td align=\"left\">0<\/td>\n<td align=\"left\">97&#8217;440<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">The Messengers of Peace Fund 2<\/td>\n<td align=\"left\">-244&#8217;052<\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>3&#8217;234&#8217;025<\/b><\/td>\n<td align=\"left\"><strong>3&#8217;375&#8217;881<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Unrestricted Funds<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Capital of the Foundation<\/td>\n<td align=\"left\">1&#8217;557&#8217;347<\/td>\n<td align=\"left\">1&#8217;557&#8217;347<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Endowment Fund<\/td>\n<td align=\"left\">40&#8217;796&#8217;387<\/td>\n<td align=\"left\">39&#8217;028&#8217;355<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>42&#8217;353&#8217;734<\/b><\/td>\n<td align=\"left\"><strong>40&#8217;585&#8217;702<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Total Funds<\/strong><\/td>\n<td align=\"left\"><b>45&#8217;587&#8217;759<\/b><\/td>\n<td align=\"left\"><strong>43&#8217;961&#8217;583<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Total Liabilities and Funds<\/strong><\/td>\n<td align=\"left\"><b>63&#8217;129&#8217;247<\/b><\/td>\n<td align=\"left\"><strong>56&#8217;672&#8217;313<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-18 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:40px;--awb-background-color:var(--awb-color6);--awb-background-image:url(&quot;https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-content\/uploads\/2024\/05\/WSF_pattern.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-21 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-13 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color1);\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:48;line-height:var(--awb-typography1-line-height);\"><strong>Statement of Operations for the Year Ended 31 December 2023<\/strong><\/h2><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-19 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-22 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\">\n<div class=\"table-2\">\n<table width=\"100%\">\n<thead>\n<tr>\n<th align=\"left\">(USD)<\/th>\n<th align=\"left\">31.12.2023<\/th>\n<th align=\"left\">31.12.2022<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\"><strong>General Income<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Individual donations<\/td>\n<td align=\"left\">4&#8217;157&#8217;697<\/td>\n<td align=\"left\">4&#8217;919&#8217;324<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Other income<\/td>\n<td align=\"left\">408&#8217;471<\/td>\n<td align=\"left\">100&#8217;653<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Income from related party funds<\/td>\n<td align=\"left\">162&#8217;827<\/td>\n<td align=\"left\">150&#8217;542<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>4&#8217;728&#8217;994<\/b><\/td>\n<td align=\"left\"><strong>5&#8217;170&#8217;519<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>General Expenditures<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Project and grant expenditure<\/td>\n<td align=\"left\">(3&#8217;409&#8217;139)<\/td>\n<td align=\"left\">(4&#8217;107&#8217;256)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Grant to the World Organization of the Scout Movement<\/td>\n<td align=\"left\">(2&#8217;800&#8217;000)<\/td>\n<td align=\"left\">(2&#8217;800&#8217;000)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Administrative expenditures<\/td>\n<td align=\"left\">(1&#8242; 728&#8242; 787)<\/td>\n<td align=\"left\">(1&#8217;791&#8217;948)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>(7&#8217;937&#8217;926)<\/b><\/td>\n<td align=\"left\"><strong>(8&#8217;588&#8217;160)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Operating result<\/strong><\/td>\n<td align=\"left\"><b>(3&#8217;208&#8217;931)<\/b><\/td>\n<td align=\"left\"><strong>(3&#8217;528&#8217;685)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Net financial income<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Financial income<\/td>\n<td align=\"left\">7&#8217;601&#8217;069<\/td>\n<td align=\"left\">2&#8217;926&#8217;091<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Financial costs<\/td>\n<td align=\"left\">(2&#8217;898&#8217;562)<\/td>\n<td align=\"left\">(11&#8217;514&#8217;251)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>4&#8217;702&#8217;507<\/b><\/td>\n<td align=\"left\"><strong>(8&#8217;588&#8217;160)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Profit \/ (Deficit) for the year<\/strong><\/td>\n<td align=\"left\"><b>1&#8217;493&#8217;576<\/b><\/td>\n<td align=\"left\"><strong>(12&#8217;116&#8217;846)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Changes in restricted funds<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">&#8211; allocation of income<\/td>\n<td align=\"left\">(3&#8217;212&#8217;842)<\/td>\n<td align=\"left\">(3&#8217;411&#8217;871)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">&#8211; operational expenditure<\/td>\n<td align=\"left\">5&#8217;087&#8217;926<\/td>\n<td align=\"left\">5&#8217;612&#8217;055<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">&#8211; net financial (income) \/ loss<\/td>\n<td align=\"left\">(1&#8217;175&#8217;627)<\/td>\n<td align=\"left\">2&#8217;147&#8217;040<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>699&#8217;457<\/b><\/td>\n<td align=\"left\"><strong>4&#8217;347&#8217;223<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Net surplus \/ (deficit) for the year prior to allocations<\/strong><\/td>\n<td align=\"left\"><b>2&#8217;193&#8217;033<\/b><\/td>\n<td align=\"left\"><strong>(7&#8217;769&#8217;623)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Release \/ (Allocation to) General Endowment Fund<\/strong><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">&#8211; allocation of income<\/td>\n<td align=\"left\">(1&#8217;516&#8217;152)<\/td>\n<td align=\"left\">(1&#8217;748&#8217;877)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">&#8211; operational expenditure<\/td>\n<td align=\"left\">2&#8217;850&#8217;000<\/td>\n<td align=\"left\">3&#8217;077&#8217;380<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">&#8211; net financial (income) \/ loss<\/td>\n<td align=\"left\">(3&#8217;526&#8217;880)<\/td>\n<td align=\"left\">6&#8217;441&#8217;120<\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><b>(2&#8217;193&#8217;033)<\/b><\/td>\n<td align=\"left\"><strong>7&#8217;769&#8217;623<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong>Net surplus \/ (deficit) for the year after allocations<\/strong><\/td>\n<td align=\"left\"><strong>0<\/strong><\/td>\n<td align=\"left\"><strong>0<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":1216,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-32","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/pages\/32","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/comments?post=32"}],"version-history":[{"count":98,"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/pages\/32\/revisions"}],"predecessor-version":[{"id":2747,"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/pages\/32\/revisions\/2747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/media\/1216"}],"wp:attachment":[{"href":"https:\/\/annualreport.worldscoutfoundation.org\/2023\/wp-json\/wp\/v2\/media?parent=32"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}