Annual Accounts

Network Finances in 2016

The Solidaridad Network implementation budget showed growth in 2016 after a relatively stable period in 2014 and 2015. The Solidaridad budget continues to grow year on year, which is an indication that the level of support from external donors and partners is also increasing.

 As in previous years, Solidaridad Europe held the largest share of contracted income, but financial contributions from other regional expertise centres (REC) are growing each year. These indicators confirm the effectiveness of Solidaridad's innovative model of continental contracting, supported by a continental governance system.

Aggregated budget

The total amount that Solidaridad Network invested in 2016 was €43.4 million, slightly below the budget for the year which was set at €45 million.

In alignment with the governance structure of Solidaridad Network, consolidated financial statements are not prepared. The audited financial statements of each regional expertise centre can be found on the respective annual report pages for those centres.

Annual Financial Statement 2016 - Solidaridad Network Foundation (PDF)

The figures below present the aggregated income figures of all entities within Solidaridad Network. Aggregated means that income sent and received from regional centres has been removed. These figures provide an overview of the total budget of all Solidaridad entities together.

Solidaridad Network Income Statement 2016
in €1,000

Income 2016 Actual 2016 Budget 2017 Budget
Solidaridad South America 4,969 3,681 1,786
Solidaridad Central America 14 22 32
Solidaridad West Africa 4,594 3,592 2,070
Solidaridad Southern Africa 4,132 1,945 845
Solidaridad East & Central Africa 2,772 1,806 1,786
Solidaridad South & South-East Asia 7,620 5,813 4,762
Solidaridad China 396 227 0
Solidaridad Europe 18,541 15,442 23,666
Solidaridad North America 322 73 5,131
Estimated income in pipeline 0 12,399 14,922
Total income 43,360 45,000 55,000

Solidaridad budgets only contracted income and reports on income that has been utilized as actual.