Financial Report 2022

This page contains the Mondiaal FNV financial report 2022.

Click here for the summary annual accounts 2022.

Financial resources for trade union support

In 2022, Mondiaal FNV supported about 100 projects run by partners, for which the financial resources were provided mostly by the Dutch Ministry of Foreign Affairs (BuZa) within the framework of the Trade Union Co-financing Programme (Vakbondsmedefinancieringsprogramma, abbreviated to VMP) and the Sustainable Textile Initiative: Together for Change (STITCH), a consortium of six international organisations, including Mondiaal FNV. Other sources of financing included the FNV Solidarity Fund, to which 0.7 percent of FNV membership fees is transferred, and the Mondiaal FNV Fund, which combines donations from members and non-members as well as contributions resulting from collective labour agreements. Furthermore, we receive contributions from collaborative ventures with other organisations, such as the WageIndicator Foundation (Stichting Loonwijzer), corporate responsibility funds, as well as a contribution from the Dutch General Education Union (Algemene Onderwijsbond, abbreviated to AOb).

In 2021, the new VMP and STITCH subsidy phases started, the programmes of which had been approved at the end of 2020. Within the context of the VMP, at the beginning of 2021 we entered into a strategic agreement with BuZa, which will run until 2030 (ten years), and the STITCH programme will run for five years.

In the course of the next few years, the subsidy that Mondiaal FNV receives through the VMP will decrease, and after five years it will be about 30 percent less annually than the amount received in 2020. Mondiaal FNV will manage this decline by focusing more on obtaining other subsidies, and by increasing revenues from donations as well as from contributions resulting from collective labour agreements. In 2021, an institutional fundraiser was recruited to assist us in obtaining extra subsidies, donations, and funds.

Project expenditures

Mondiaal FNV uses the subsidies and donations received to support partner projects in Asia, Africa, and Latin America. The VMP financed 75.48% percent of the project expenditures, STITCH financed 12.80 percent, and other sources accounted for 11.72 percent.

Project and activity payments achieved / minus repayments

Explanation of the financial report

In 2022, Stichting Mondiaal FNV had public funds at its disposal through the Trade Union Co-financing Programme (VMP), the STITCH programme, smaller subsidies, and its own funds from the FNV, FNV sectors, the AOb, and donors. In addition, income was obtained in cooperation with the FNV through collective bargaining.

On 1 January 2012, Mondiaal FNV was designated the status of a Public Benefit Organisation (Algemeen Nut Beogende Instelling, abbreviated to ANBI). Stichting Mondiaal FNV will render account for its activities in line with generally accepted reporting rules, and, more specifically, the Guideline for annual reporting: C1 for Small not-for-profit organisations (Kleine organisaties zonder winststreven) issued by the Dutch Accounting Standards Board.

In 2022, the FNV provided Mondiaal FNV with a conservation contribution (instandhoudingsbijdrage) of € 282,000. Project funds are transferred to Mondiaal FNV through the directly affiliated sectors and the AOb. Expenditure of these funds takes place under the auspices of Stichting Mondiaal in close consultation with the AOb and the different sectors, as well as with the Cross-sector International Projects Committee (Sector overstijgende Commissie Internationale Projecten, abbreviated to SCIP), a subcommittee of the Committee for International Affairs and Solidarity of the FNV Members’ Parliament. The contributions spent by Mondiaal FNV are allocated to projects that are determined beforehand on the basis of input provided by FNV sectors and the AOb.

Mondiaal FNV’s revenues are reasonably stable, and 2022 was the second year of two of our subsidy programmes. In 2021, we entered into a new, strategic, 10-year partnership with the Sustainable Economic Development Department (Directie Duurzame Economische Ontwikkeling, abbreviated to DDE) of the Dutch Ministry of Foreign Affairs as part of the Trade Union Co-financing Programme. Under the coordination of the Fair Wear Foundation, the Sustainable Textile Initiative: Together for Change (STITCH) was launched in 2021, as part of the Power of Voices subsidy programme of the Dutch Ministry of Foreign Affairs, in which Mondiaal FNV participates as a subsidy partner. Furthermore, as a project partner and/or a supplier, Mondiaal FNV also cooperates with Stichting Arisa (Advocating Rights In South Asia), the WageIndicator Foundation (Stichting Loonwijzer), and the FNV (within the framework of the IRBC agreements).

VMP

The resources managed by Stichting Mondiaal originate mostly from the VMP. Last year was the second of the 2021-2030 VMP subsidy period. In 2022, project commitments from the VMP amounted to a total of 73.25 percent of all project commitments made by Mondiaal FNV.

Furthermore, in 2022 an amount of € 3,741,016 in project funds was committed within the VMP, and the administrative costs allowance was € 1,296,165, totalling 63.51 percent of Mondiaal FNV’s revenues.

The committed sum is many times lower than that in 2021 because it involved the start of a new subsidy period, during which many new long-term commitments were entered into.

STITCH

STITCH is a collaborative venture between the Fair Wear Foundation (FWF), the Dutch CNV Internationaal and Mondiaal FNV trade unions, the British Ethical Trading Initiative (ETI), labour organisation Cividep India, and the Center for Development and Integration (CDI) in Vietnam. The partnership is funded through a five-year subsidy from the Dutch Ministry of Foreign Affairs within the framework of their Power of Voices programme. The FWF is the lead coordinator. In 2022, Mondiaal FNV allocated a sum of € 266,521 to projects within STITCH, and the administrative costs allowance amounted to € 395,633.

Administrative costs

Administrative costs (organisational costs) are allocated on the basis of time recording. Therefore, the budget and actual results may differ from each other. Although the aim is to budget as realistically as possible, it may happen that more or fewer hours are recorded for a programme in a given year. FNV’s organisational contribution is different, because this component of its contribution is not meant for specific projects but for financing part of the administrative costs, including fundraising. As a result, this contribution remains unchanged.

Mondiaal FNV’s capital

Mondiaal FNV’s capital serves as a buffer to absorb any unanticipated setbacks. Its size has not been capped. Within this capital, an appropriation fund was created that is only to be used to commit more than 100% of the STITCH and VMP funds, in order to avoid underspending BuZa’s VMP or STITCH funds, as agreed with the Board of Mondiaal FNV. Mondiaal FNV’s free capital has risen by € 206,129 to € 1,758,091.

FTEs and remuneration policy

In 2022, Mondiaal FNV employed 19 people (17.97 FTEs), The remuneration policy of Stichting Mondiaal FNV is in line with the collective labour agreement for FNV organisations (cao FNV Organisaties). The board members of Mondiaal FNV are not remunerated and do not receive any allowances for attending the Stichting Mondiaal Board meetings

Annual Report 2022
Front page
Annual Stories 
Results of the Trade Union Co-financing Programme 
Social Report