FINANCIAL OVERVIEW 2021

INTERNAL CONTROL SYSTEMS & AUDITS

ICN’s financial statements are annually audited by independent external auditors, KPMG. Additionally, ICN has an Audit and Risk Committee dedicated to providing the Board oversight of the effectiveness of the organisation’s risk management, internal control and compliance system. This independent and impartial committee, regularly reports on their work to the Board, CNR and Member associations. The year 2021 was marked by a focus on strengthening the internal control environment and implementing a new operational plan.

FINANCIAL OVERVIEW

The information presented is extracted from audited financial statements. The figures presented are in Swiss Francs (CHF). KCHF and MCHF respectively stand for thousands and millions CHF. The ICN financial position continues to be healthy and stable with total assets of 12.4 MCHF. The designated and general funds of the organisation amount to 9.4 MCHF. The year 2021 was marked by continuing strong advocacy and communication activities on the devastating effects of the pandemic on nurses and midwives as well as the successful virtual Congress and CNR. The operational profit of 2021 amounts to 181 KCHF, including the net profit of 232 KCHF of the Congress. The net result is a gain of 355 KCHF in 2021. It should be noted that the ICN Congress is held every two years, consequently both operational income and expenditure of Congress years are higher than the previous year.

REVENUES

ICN’s activities are mainly funded by membership fees representing 80% of ordinary operational income in 2021 - excluding the Congress income. Including Congress income, membership dues amounted for 67% of the 6,6 M CHF total net operational revenue for 2021 (versus 84% in 2020). In 2021, the increase in operational income was driven by the 1.1 MCHF revenue of the Congress and 0.5 MCHF additional funds received for ICN Leadership and Organisational development programmes.

OPERATIONAL EXPENDITURES

The 2021 annual operational budget was dedicated to: • 65% to support our Members and global nursing through Nursing Policy, Programmes and

Communication & Events • 13% to Executive and Governance strengthening, supporting and connecting our member associations • 22% general and administration supporting the core mission of ICN

22% 9%

13%

2021

39%

17%

Nursing activities Nursing Communication & Events Programmes Executive & Governance General & Administration

The operational expenditures of the year are mainly impact by the following projects: As for the income, the evolution of the operational expenses of the year are driven by 0.9 MCHF Congress expenses. In 2021, the ICN programmes have grown - specifically on Leadership and Organisational development initiatives - and their increased implementation has resulted in additional income and expenditure compared to 2020. The Council of National Nursing Association representatives (CNR) was held virtually in 2021, at a cost of 0.2 MCHF.

RESULT FROM FINANCIAL ACTIVITIES

The financial result of the year is a profit of 174 K CHF, driven by gain on investments and exchange currency impacts.

INTERNATIONAL COUNCIL OF NURSES 3 PLACE JEAN MARTEAU 1201 GENEVA, SWITZERLAND T +41 22 908 01 00 ICN@ICN.CH WWW.ICN.CH

INTERNATIONAL COUNCIL OF NURSES 3 PLACE JEAN MARTEAU 1201 GENEVA, SWITZERLAND T +41 22 908 01 00 ICN@ICN.CH WWW.ICN.CH

ADVOCATING FOR PROTECTION, VALUE AND INVESTMENT IN NURSING