Economy

The activities of the association are funded through gifts from individual friends of missions, through budgetary grants from congregations and through development cooperation grants of Finland’s Ministry of Foreign Affairs.

Each missionary has a support group that supports his work as well financially as by intercessory prayer. Membership in support groups is open for everyone interested.

 

About economy and activities in 2018

The financial statement for 2018 has been adopted and the audit carried out. The bookkeeping result of the accounting period showed a surplus of a little below 80,000 euros, due to mainly smaller costs than had been budgeted through all the activities and bigger incomes from received will donations (testaments) than had been estimated. The biggest individual saving of costs was caused by the decision to postpone the beginning of a church project in Eastern Siberia till 2018.

The revenues of the association during the financial year were 4.3 million euros, of which the share of voluntary support was 51%, budget contributions from congregations 34.2%, state development cooperation funding 9.8% and other incomes 5%. Correspondingly, the costs of the year 2018 were 4.05 million euros, of which the share of work abroad was 75.5%.

Summary of revenues and costs

  y. 2018 y. 2017
Budget contributions 1 410 910 € 1 367 360 €
Voluntary support 2 111 656 € 2 301 222 €
Public funding 404 291 € 414 426 €
Other incomes 204 522 € 163 639 €
Revenues combined 4 131 379 € 4 246 646 €
Staff costs of missionaries 1 594 522 € 1 597 833 €
Costs in work areas 837 743 € 1 076 772 €
Project costs 361 125 € 356 113 €
Planning and follow-up 263 042 € 293 921 €
Work abroad combined 3 056 433 € 3 324 639 €
Acquisition of funds 29 702 € 15 558 €
Communication 231 267 € 212 833 €
Education and training 534 169 € 609 889 €
Planning and follow-up 50 300 € 47 349 €
Support activities combined 845 439 € 885 629 €
General administration 149 738 € 147 273 €
Costs combined 4 051 609 € 4 357 541 €

Further information about activities in different work areas can be found in FLOM’s annual report, which can be read in Finnish on the website or ordered from FLOM’s office (tel. 09 2532 5400).