Description

Swiss GAAP FER 21 “Accounting for charitable non-profit organisations” aims to increase the significance and comparability of the reporting of charitable non-profit organisations (individual as well as consolidated financial statements). The special features of charitable non-profit organisations, mainly the lack of the objective of earning profits and the raising of funds, are addressed by adding a statement of changes in equity and a performance report to the individual financial statements/ consolidated financial statements. Charitable non-profit organisations according to Swiss GAAP FER 21 are organisations that, regardless of their legal form,

• provide charitable services in the interests of the general public, in particular 
services of a social nature, independent from the claims of third parties and/or members
• raise funds publicly from an undefined number of donors or receive contributions and/or are largely funded by contributions from public authorities.

An important characteristic of a charitable non-profit organisation within the meaning of this recommendation is that, generally, the beneficiaries of the organisation’s services differ from those who render the services (donors, founders, members, benefactors, staff, etc.).