Swiss-Sierra Leone Development Foundation is a Non-Governmental Organization based in the northern part of Sierra Leone, Makeni city.
Founded in 2006, by a German Philanthropist called Harald Pfeiffer; with a mission and a vision aimed at helping the needy attaining sustainable healthcare, education, and relief, it has been in full operations to date. With core values of love, serve, integrity, sustainability, and excellence to enhance the livelihood of people of all levels; it the financial status of a Non-Profitable organization. The organization operates on a portfolio that is non-profitable; focusing on three major projects on health, school and relief namely
Magbenteh Community hospital, Magbenteh Community Boarding School, and ASSL-SSLDF scholarships.
A Non-profitable organization is an organization or a business entity with an operational status aimed at rendering help to individuals or groups of people for a particular cause. A non-profitable organization does not have shareholders, nor share its gains to directors or members. In recognition of its contribution to the Community and supporting government’s objectives and policies; it often benefits from some tax exemption or duty waivers. Over its years of existence, SSLDF has encouraged collaboration from community stakeholders, government, organizations, and individuals both morally and financially.
The financial status of SSLDF being a non-profit organization encompasses 95% of its revenue on donation and grants, 5% on internal generation from its operational activities. The importance of budgeting is to enhance efficient spending. Therefore in developing a budget line, key factors such as who develops the budget, definition of tasks and responsibilities, setting priorities and goals, determining the cost for achieving the goal, developing a timeline for the budget, establishing a project income budget, provision for time inconsistency and a reserve funds must be considered. Identifying your short term and long term goals, and keeping a very tight budget line are factors that enhance efficient spending. Efficient spending ensures the effective usage of resources at minimal value to give maximum output or productivity. The aim of budgeting is to showcase the necessary inputs (express in figurative terms) needed to achieve a particular output; therefore, all underlining expenses or costs to be incurred and provision for inflation must be expressed in financial values. This helps donors and partners to have a better understanding of what is expected of them at various levels of the organization or project (s).
SSLDF’s budget runs on a yearly basis categorized into various units (departments). The yearly budget is smothered into a monthly budget upon which requests is raised. The available amount received into SSLDF’s account enhances its operational activities for the month under review. Daily operations are streamlined and executed according to the funds received not according to the funds budgeted for.
Action Swiss- Sierra Leone (ASSL) being the parent body of SSLDF; ensures that SSLDF adheres to both local and international accounting standards and financial policies. For better presentation and accessibility of funds on International levels; ASSL is the central controller of all funding and financial activities of the organization and in turn remits funds to SSLDF on relative terms for various project (s) or purpose.
Under the pretext of providing quality sustainable healthcare facilities to all level of the individual (s) at a low or zero cost attached; SSLDF has being recognized by the Government of Sierra Leone (GoSL) as one of its supporting partner in aiding the government to achieve its objective especially in the area of free healthcare for pregnant women, lactating mothers and children under- five. It is in light of which, the government in turn helps in supporting SSLDF with periodic financial help called Subvention. The aim of the Subvention is to help SSLDF attain its goal of supporting the GoSL flagship program in health.
SSLDF like any other Non-profitable organization experiences financial limitations. Taking into consideration that majority of SSLDF’s funds are internationally donated; hence the timely intervention and availability of funds have a significant effect on the implementation projects or activities within the stipulated time. This has made it difficult for SSLDF to meet its target on schedule time in executing its projects.
Locally, the economic trends in the country have resulted in local fundraising at zero effect. The per capita income per individual and the disposable income has made it difficult for citizens to access livelihood even at a minimal cost. The effects of the COVID-19, unemployment rate, reduction in government expenditure, reduction in overseas funds have left the economy in a depleting state. This has a negative effect on the operations of SSLDF’s – Magbenteh Community hospital recovery activities.
The aim of ASSL- SSLDF is to attain a sustainable and reliable financial future. Whereof, all its projects and activities at present and near future are geared towards achieving that objective.
- SSLDF AND FINANCING
- YEARS OF OPERATING
- MAIN PROJECTS
- BUDGET NEEDED TO RUN MCH
- DOES SSLDF FOLLOW AN INTERNATIONAL FINANCE PROTOCOL
- GOVERNMENTAL SUPPORT IF ANY
- HOW TO BUDGET FOR NGO. HOW TO MAKE EFFICIENT SPENDINGS. MAIN SERVICES TO BUDGET FOR
- LIABILITIES AND HICCUPS
- CHALLENGES IN SIERRA LEONE
- EXIT TO SUSTAINABILITY IN FINANCE