Financial report

  • July 2, 2019

Financial report

Mental health and psychosocial support have never been higher on the agenda in the Red Cross Red Crescent Movement and the global humanitarian community. The PS Centre, however, is experiencing a changing funding environment.

Throughout 2018, the PS Centre has maintained strong partnerships with its current partners and donors, including the National Societies of Denmark, Canada, France, Iceland, Japan and Hong Kong. In addition, Danish Red Cross and the World Health Organization through their back-donor funding from the Office of U.S. Foreign Disaster Assistance (OFDA) and DANIDA have contributed to the position as coordinator for the function as Co-chair for the IASC MHPSS Reference Group. Finally, the European Commission remains an important donor of the PS Centre’s research and innovation initiatives as well as technical support to National Societies in emergency and protracted crisis situations.

Traditionally, we have received a large part of our funding through strategic partnerships with National Societies, but particularly unrestricted funding from National Societies has decreased over the past years and been replaced by project-based funding.

This means that there is limited flexibility to respond to urgent needs and emergencies, and limited resources to support, train and mentor our 190 National Societies, including their support to the 14 million volunteers. This changing funding environment calls for increased advocacy and dialogue with our partners, a development towards a sustainable business model, and time invested in diversification of funding sources to support the growing demands for mental health and psychosocial support from the National Societies and the global humanitarian community.

The total expenditure of the PS Centre for 2018 amounts to DKK 9,164,798 (CHF 1,368,871), which is a 32 % increase compared to 2016, reflecting the increase in project funding. The detailed financial report is included in the PS Centre Financial Statement, which can be requested from the PS Centre.