OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← International Egg Foundation

2024-12-31-accounts

f ¥,.) international egg foundation 2024 IEF Annual Report & 2025 Outlook

Contents

Page 3 Page 3
Page 4 Page 4
Page 5 Page 5
Page 6 Page 6
Page 6 Page 6
Page 7 Page 7
Page 7 Page 7
Page 7 Page 7
Page 8 Page 8
Page 10 Page 10
Page 11 Page 11
Page 13 Page 13
Page 14 Page 14
Page 23 Page 23
Page 24 Page 24
Page 31 Page 31

The IEF is a registered UK Charity (England and Wales), number 1157778 and a registered 501(c)(3) non-profit organisation in the USA, both organisations share the same mission, with the Trustees of International Egg Foundation all being the Directors of International Egg Foundation USA� Page 22 to 30 of this report relates directly to the International Egg Foundation (England & Wales) Chairty in accordance with the reporting requirements of the UK Chairty Commission�

Chairman and CEO’s Message

While this report outlines the progress made throughout 2024, we would also like to highlight the exciting shift underway as we enter 2025.

It is a privilege to step into the role of Chairman of the IEF, building on the remarkable foundations laid by our dedicated leadership team and valued partners. We extend our sincere thanks to Tim Lambert, whose vision and commitment as Chairman over the past five years have been instrumental in shaping the IEF’s direction and positioning us for continued growth and meaningful impact.

Together, we remain focused on deepening the IEF’s impact and expanding our global reach through strategic partnerships, sustainable growth, and a continued commitment to long-term, community-led change.

Among our proudest milestones in 2024 was the completion of the Honduras Outreach International (HOI) egg barn in the Agalta Valley – a project made possible thanks to the incredible support of our partners. Now fully operational, the farm is extending the reach of the First 1000 Days of Life programme, to deliver vital nutrition to up to 100 families and supporting students at the HOI Hope School.

This project marks a broader evolution in the IEF’s growth journey. At the end of 2024, we welcomed Chris Pierce to the Board of Trustees. We also saw further leadership transitions, with Tim Lambert stepping into the role of Secretary/Treasurer, and Steve Manton continuing his valued service as Trustee following his term as Treasurer.

Looking ahead, we are focused on growing both our community and our impact through the IEF Partnership Programme – an initiative that brings together businesses and organisations that share our belief in the power of eggs to drive real change. Our partners contribute more than funding – they offer expertise, resources and a shared commitment to building sustainable solutions where they are most needed.

In early 2025, we formalised a strategic collaboration with OneEgg, whose mission closely aligns with our own. This alliance enhances our ability to reach children who may never have eaten an egg before, in regions where average egg consumption is often fewer than 50. These are the communities we are most committed to supporting, by empowering small-scale producers in unreached or non-commercial areas and helping them grow into resilient, viable operations.

Our Global Egg Schools – delivered in collaboration with Lohmann Breeders and the Ebenezer Agricultural School, remain a cornerstone of our education efforts, equipping local producers with the knowledge, tools and confidence to create lasting change.

We are immensely grateful to everyone who makes this work possible – our trustees, partners, and supporters across the egg industry. Your belief in our mission continues to inspire all that we do. With strong leadership, shared purpose, and unwavering commitment, we are confident in the IEF’s ability to deliver even greater impact in the years ahead.

Together, we are transforming lives, one egg at a time.

Bruce Dooyema IEF Chairman and Trustee

Cassandra Price IEF Chief Executive Officer

Our Challenge

733 million

people were

undernourished globally.¹

Global hunger remains alarmingly high. According to The State of Food Security and Nutrition in the World (SOFI) 2024, an estimated 9.1% of the global population – approximately 733 million people – were undernourished in 2023, an increase of over 120 million since 2019.¹

Childhood malnutrition also remains a critical concern. Globally, 22.3% of children under five are affected by stunting, limiting both physical growth and cognitive development. In sub-Saharan Africa, this rises to 30%, highlighting stark regional inequalities.¹

The IEF uses the nutritional, environmental, social, and economic power of the egg to support vulnerable populations in areas of greatest nutritional need. By investing in sustainable egg production and training, IEF empowers local communities to improve diets, enhance food security, and build resilient food systems.

Almost 1/4

of all children under 5 years old are stunted[1]

The 2024 WHO report underscores that hunger remains persistently high due to the compounded effects of conflict, economic instability, and climaterelated shocks—factors that continue to disrupt global food systems and disproportionately impact smallholder farmers.[1]

The IEF has a proven track record of bringing hope to those in need by making eggs available in some of the most vulnerable communities around the world.

Chris Pierce, IEF Trustee

Why eggs?

Eggs are beneficial throughout the life course, with particular potential to fuel development during the first 1000 days of life.

The bioavailability and density of their nutrients means eggs have the capacity to directly improve human health outcomes around the world.

Egg production is a practical, cost-effective solution to the ongoing hunger crisis in low- and middle-income countries.

Eggs contain 13 different vitamins and minerals required by the human body and have been proven to be associated with better mental and physical growth, particularly benefiting those in low-resource settings[2] .

Their wide range of micronutrients and impressive bioavailability means that eggs are considered one of the most valuable animal-source foods in the world, named by the United Nations as a ‘star ingredient’ recognising their power to bring people together, nourish us, and ‘fuel our futures’. Studies suggest that a child would need to consume at least 12 times as much of a plant-based alternative, such as carrots, to gain the amount of vitamin A available in a small serving of eggs.[3]

outcomes, breast-milk composition and child brain development.

The egg also supports education in low- and middleincome populations by improving cognition and concentration levels in young children.

Along with their many nutritional advantages, eggs are officially recognised as a low impact protein source by the World Resources Institute[5] , with the lowest environmental footprint of all common animal protein sources.

Furthermore, eggs are recognised as a high-quality protein, supporting child growth and development in populations characterised by high rates of child undernutrition. They are also one of the most affordable sources of commonly lacking nutrients in young children throughout low- and middle-income countries.[4]

The high nutrient density of eggs means they can support the body’s natural immune system, vaccination response and antiretroviral treatments. In addition, they offer vast benefits to pregnant and lactating women, with the potential to improve birth

My aspiration for the future is continuing my passion of getting protein into underprivileged countries and the quickest and easiest way is through the egg. Bruce Dooyema, IEF Chairman and Trustee

Our Focus

Education and Training

The IEF is dedicated to sharing the collective knowledge and expertise of the global egg industry to empower nutritionally vulnerable communities and maximize the benefits of eggs through education and training.

Training not only enables the expansion of local production and consumption of eggs but also creates new jobs and supports disadvantaged individuals to become sustainable operators in the value chain.

The IEF has a range of training and knowledge transfer programmes aimed at supporting increased egg production in these regions by providing practical technical training to participants, enhancing their understanding of essential egg production processes. Programmes include:

Global Egg Schools

IEF Global Egg Schools were first established in 2019 in Nampula, Mozambique, providing technical training to agricultural students and local farmers. Over the last 6 years this invaluable knowledge exchange has been delivered with the support of industry partner, Lohmann Breeders in Zambia, Zimbabwe, and Kenya, helping participants to develop sustainable sources of high-quality nutrition for their families and communities.

Layer Management Training

In 2023, IEF launched a new programme aimed at enhancing the capabilities of senior egg production personnel in sub-Saharan Africa through a series of online technical workshops. These tailored workshops are designed to share industry expertise, helping egg businesses in these countries remain efficient and profitable, and ensuring continuous access to safe and affordable eggs whilst upskilling a local workforce.

Training Resources

The IEF offers a wealth of free online resources to support emerging commercial egg producers in low- and middle-income countries, these include the IEF’s Production Manual, designed specifically to aid sustainable and affordable egg production. In addition, IEF’s training video on the fundamentals of egg production focuses on successful egg farming in tropical and sub-tropical environments.

Education is power and is key! IEF Global Egg Schools are at the very heart of everything we do.

Steve Manton, IEF Trustee

6

Entrepreneurship

The IEF supports vulnerable communities in establishing viable and self-sufficient egg production for longterm stability and improved livelihoods. By fostering entrepreneurship, through egg farming and egg related businesses our projects empower individuals to uplift their families today and in the future.

Technical Partnerships

The IEF firmly believes that the latest technology can significantly enhance productivity in small-to medium-scale egg production businesses in lowand middle-income countries. This includes utilising appropriate genetic strains of layer hens, providing support for proper feeding, and implementing suitable housing and lighting facilities tailored to each region and situation. Through collaborations with industry supporters, the IEF has facilitated new technical partnerships to improve production and yield efficiencies in African and Central American egg projects.

Additionally, through our partner DMF and Dr Fabien De Meester IEF has been able to provide technology to extend the shelf life of boiled eggs from days to weeks. By incorporating specific organic compounds during the boiling process, the internal membrane of the egg, just inside the shell, is sealed, significantly extending shelf life without refrigeration. This technological breakthrough enables the expansion of an intervention feeding programme’s distribution network, supporting more vulnerable children in accessing essential high-quality protein.

Improved Nutrition

The IEF is committed to improving global nutrition through egg consumption. Eggs are nutrient-dense, providing essential proteins, vitamins, and minerals crucial for all aspects of human health, development, and growth. Through collaboration and partnership, IEF has enhanced nutritional programmes, promoting the inclusion of eggs in diets. The following two programme examples highlight the work of the IEF, and the impact eggs have made to the diets of nutritionally vulnerable children. IEF has supported the development and reach of nutritional programmes in Honduras, Eswatini and Uganda.

All our projects strive to achieve one ultimate goal: to increase the availability of high-quality egg protein in regions that face nutritional challenges.

Cassandra Price, IEF CEO

7

Current Work

The IEF trustees are delighted to have been able to continue to expand the project scope of the IEF throughout 2024, introducing new opportunities as well as elevating existing programmes.

Although the majority of this report is focussed on the achievements and financial reports for the 2024 financial year, we are very pleased to include an overview of our 2025 projects to date:

Supporting Honduras Outreach Initiative and One Egg Programme

In the Agalta Valley, Honduras, the IEF partnered with OneEgg and the Honduras Outreach International (HOI) to expand a critical nutrition programme that uses eggs as a primary source of protein and nutrition for children. This initiative first supplies eggs to expectant mothers during their final trimester and continues postpartum until the child reaches three years old. This programme aims to ensure that these families consume and feed their young children at least one egg a day, providing consistent access to high-quality protein and the nutrition often missing in their diets.

Alongside the main farm expansion, the IEF will continue its partnership with HOI to develop a smaller egg barn at the local HOI School, which will provide nutritious eggs to school children up to Year 9 and serve as a training facility for the community.

Through these initiatives, the IEF is poised to make a lasting impact on the nutrition, education, and economic resilience of vulnerable communities in Honduras. By enhancing local egg production capacity and providing vital education and training, the IEF is helping to secure long-term food security and improve livelihoods.

To extend the reach of this vital project, the IEF committed to significantly increase the current egg production capacity for the programme by increasing onsite egg production capacity from 400 to 3,000 layers, with the provision of a new build egg barn. This expansion will enable the initiative to increase its reach from 54 to 100 families with the potential to serve far more. The new layer barn will not only boost production but also improve the overall quality and efficiency of the egg farm.

By late 2024, the new layer barn was completed, including the assembly of Big Dutchman layer equipment and HATO lighting. In February 2025, the arrival of the first H&N donated flock of 1,500 birds, and the beginning of the expansion of the First 1000 Days of Life programme.

It is an incredible opportunity for OneEgg to partner with IEF. We discovered that our vision and goals are fully aligned to help each other ‘get more eggs to more kids’ around the world! We are looking forward to what the future initiatives can accomplish!

Dave Juenger, OneEgg Inc

Delivering Training and Educational Programmes

The IEF is proud to continue its commitment to providing impactful egg production training

Global Egg Schools

In 2024, IEF, in partnership with Lohmann Breeders, held Global Egg School in Bulawayo, Zimbabwe, and in Kisumu, Kenya. These programmes focused on the importance of biosecurity, and animal health management as well as a special workshop on successful rearing. Through these tailored training programmes, we are not only enhancing egg farming practices but also promoting long-term business stability and improved livelihoods for these communities. 2025 sees the Global Egg School programmes returning to Mozambique to provide training on the fundamentals of successful egg production to agricultural students and emerging commercial farmers.

birds in the regions the project operates, which was limiting both sustainability and growth of the programme. By providing funding for a dedicated layer rearing barn in Bukuya the IEF has been able to ensure the sustainability of the programme, increase our reach to support additional children, while also strengthening local rural egg and poultry farming prospects. In 2025 the IEF also started to provide specialised mentorship to enhance on-theground rearing efficiencies and capabilities.

Supporting feeding programmes at Blessman International, South Africa

Technical Training

IEF was delighted to partner with Hy-Line North America L.L.C. , and Iowa State University, to host the IEF “Layer Necropsy” Workshop, supporting our mission to improve egg production and flock health management. This event was held live from the Veterinary Diagnostic Laboratory at Iowa State University, College of Veterinary Medicine in the USA. The workshop trained participants on the essential knowledge and skills for performing basic on-farm necropsies.

Empowering Children in rural Uganda through Chicken Ownership.

In early 2025, the IEF began a partnership with Blessman International to support their expansive child feeding initiative in South Africa. Currently operating via 11 feeding hubs and reaching approximately 50,000 children across 365 day care centres, Blessman International is now integrating egg production into the programme to enhance both nutrition and ensure long-term sustainability. As part of this vision, a dedicated layer facility is being built with IEF’s support. Our donation is contributing to the professional outfitting of the facility, with remaining funds directed toward bird feed and egg production costs. This scalable model has the potential to provide a reliable source of locally produced eggs for the day care centres, thereby improving child nutrition and helping to secure the long-term future of the feeding programme.

The IEF has been partnering with the Trustlines Development Network Inc since 2017 on the Children’s Chicken Ownership Programme, this collaboration continues to benefit hundreds of families in remote Ugandan communities, equipping children with the skills and resources to care for their own chickens and build their own microbusinesses. As part of this project each child receives a rooster and a hen, along with basic training to begin their own production. In 2023, IEF addressed the challenge of available point of lay

Why Support the International Egg Foundation?

The IEF plays a critical role in addressing disparities in food security worldwide. As a global population, it is imperative that we improve affordability, availability and accessibility of high-quality protein – and eggs can and should be part of this solution.

By contributing to the work of the IEF, you are supporting the development of knowledge, expertise and entrepreneurship in protein-deficient populations, establishing independent and sustainable food systems in low and middle-income countries.

Your collaboration and contributions help to expand the scale and scope of our work at the IEF, providing us the resources to develop existing programmes and deliver impactful new projects.

Throughout this report, we showcase how the work of the IEF is making a real difference to people’s lives, however this is only possible through funding, and the critical support provided through our IEF Partner programme.

We hope that you will join us to deliver our goals. Your support is crucial to achieving this vision, and together, we can make a profound and lasting difference and be successful in our mission of seeing a world without hunger.

Visit the International Egg Foundation website to explore ways you can support the IEF, including becoming an IEF Partner.

With over 3,000 colleagues across five continents, we work every day to improve access to high-quality protein worldwide. As a family-owned company, we feel a deep responsibility to future generations— making our support for the IEF a personal commitment.

Bernd Meerpohl, Big Dutchman

In Gratitude

IEF and Collaborations

It is only by working together that we will be successful in our mission.

The IEF works in partnership with other leading global bodies and charities. By adding value to existing projects, we help fight malnutrition and provide a self-sufficient food supply in low- and middle-income countries.

Through collaboration and partnership, we make a difference to people’s lives.

We gratefully acknowledge the IEF Partners:

Ground Partners

Collaborative Partners

HATO is proud to support the IEF in making eggs—one of the most complete and essential sources of nutrition— accessible to those who need them most. We share IEF’s mission to improve global nutrition sustainably and look forward to seeing their impact continue to grow.

Paul Obers, HATO Lighting

Funding

Historically, the majority of our work has been funded by the global egg industry, showing the care, belief and passion that egg farmers from across the world have in the ability of eggs to help undernourished populations.

Much of the support the IEF provides to low- and middle-income communities is through the ongoing supply of equipment and expertise. The total value of cash and in-kind donations generated through and assisted by the IEF in its period of operation between January to December 2024 is £355,736.

In addition, in this period IEF USA generated through cash donations a total of $130,832 (USD).

In 2025 IEF launched IEF Partnerships, a funding programme uniting egg organisations around the world aiming to make a meaningful impact on food security, improved nutrition and viable egg farming in developing countries. This partnership programme provides an opportunity for organisations who share IEF’s vision to collaborate, drive change, and invest in a future where eggs are accessible to all.

In-kind donations £326,340

Much of the support offered to the foundation comes in the shape of in-kind donations, without which the IEF could not function.

We gratefully acknowledge and thank:

Meet Our Trustees

Bruce Dooyema

IEF Chairman Trustee

Bruce Dooyema has been passionate about egg farming since youth, growing a summer project into Center Fresh Egg, part of The Versova Family of Farms, now operating across several U.S. states. With experience in both developed and emerging markets, he brings a unique perspective on egg production and food security. Bruce was appointed as IEF Chairman on 1st February 2025.

Tim Lambert

IEF Trustee and Secretary/ Treasurer

Tim is a founding Trustee of the IEF, served as Chairman for over five years, and now holds the role of Treasurer/Secretary. He is passionate about helping more people around the world access the incredible nutrition found in eggs, having held senior leadership roles within the global egg industry for nearly two decades. Tim was IEF Chairman from 2019 to 2025, taking on the role of Secretary/Treasurer on 1st February 2025.

Steve Manton

IEF Trustee

Steve is a retired international businessman and entrepreneur bringing a wealth of experience and expertise from within the global egg industry.

As a founding Trustee of the IEF in 2014, he has played a pivotal role in shaping the organisation’s strategic direction and long-term impact.

Dr Pierre-Marie Borne

IEF Trustee

Dr. Pierre-Marie Borne is a veterinarian, having graduated from the Lyon Veterinary School in 1988. He has extensive experience working with smallholder farmers in developing nations across Africa and Asia, where he has provided expertise and assistance to build local competencies, both commercially and through previous charitable roles.

Christopher Pierce

IEF Trustee

As President of Heritage Poultry Management Services, Inc. in Annville, PA, Chris Pierce is pleased to have the chance to work with local business and the Pennsylvania egg industry to support the rural way of life so important to Pennsylvania.

I envision IEF supporting multiple projects in all continents where protein deficient diets are a problem for children and their families.

Tim Lambert, IEF Secretary/Treasurer

Trustees’ Report

Report of the Trustees for the year ended 31 December 2024

The Trustees present their annual report and financial statements of the charity for the period ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland first published on 16 July 2014.

Structure, Governance and Management

The IEF is a registered charity in both the UK and the United States. In England and Wales, our charity number 1157778, and in the United States, we are recognised as a 501(c)(3) non-profit organisation.

The foundation was established as a Charity on 8th July 2014. The charity is governed by a constitution of a Charitable Incorporated Organisation (CIO) whose only voting members are its charity Trustees.

The management of the foundation is the responsibility of the Trustees, overseen by the trustee Chairman, who is the ultimate decision-making body. For the full list of IEF Trustees and advisors, please refer to the administrative information on the back cover of this report.

Risk management

The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

Appointment of charity trustees

Every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Number of charity trustees

There must be at least three charity trustees, the maximum number of charity trustees is seven. The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.

Trustee rotation and re-appointment

New Trustees are appointed by the existing Trustees and serve for a 3-year term, after which they may put themselves forward for re-appointment. Rotation is reviewed after 3 terms, in accordance with the Charity Commission’s guidance. Additional terms are considered possible in light of the contribution and the role a Trustee undertakes, especially in terms of knowledge, expertise and engagement in existing and ongoing programmes.

14

Trustee appointments for the period January 1 2024 to 31 December 2024

----- Start of picture text -----
|||| |---|---|---| |Name|Role|Date| |Timothy Lambert|IEF Chair and Trustee|Resigned 23 March 2023| |Reappointed 24 March 2023| |Anthony Stephen Manton|IEF Treasurer and Trustee|Appointed 20 March 2014| |Bruce Dooyema|IEF Trustee|Appointed 6 June 2018| |Dr Pierre-Marie Borne|IEF Trustee|Appointed 4 June 2019| |Christopher Pierce|IEF Trustee|Appointed 17 December 2024| |Walter Siemens|IEC Appointed Trustee|Stepped down 9 November 2024| |Juan Felipe Montoya Muñoz|IEC Appointed Trustee|Stepped down 9 November 2024| |John Starkey|IEF Trustee|Stepped down 10 December 2024|

----- End of picture text -----

2025 Trustee Role Updates

On 1st February 2025 Tim Lambert stepped down as IEF Chairman, and Steve Manton stepped down as Treasurer, both remaining as Trustees. Tim was subsequently appointed IEF Secretary/Treasurer. Bruce Dooyema was appointed to the position of IEF Chairman from 1st February 2025.

Financial Review

During the accounting period from January to December 2024, the IEF received £29,396 of cash donations. Of this, £29,396 was un-restricted funds. The IEF also received significant in-kind donations to provide for the running of the charity, including donation of all administration fees. To add to this, much of the support the IEF provides to low- and middle-income communities is through the ongoing supply of equipment and expertise. Total in-kind donations had a value of £326,340 which has been recognised in the financial statements.

Expenses during this period totalled £374,132, resulting in an £18,396 decrease in reserves. The Foundation’s healthy reserve position reflects strong stewardship and careful management of donor funds, ensuring we remain sustainable and prepared to respond to future opportunities and challenges in advancing our mission.

15

Trustees’ Report

Reserves Policy

The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The Trustees consider that this level will provide sufficient funds to respond to ongoing commitments and ensure there are sufficient funds available to cover support and governance costs.

The balance held as unrestricted funds on 31st December 2024 was £48,706, off which £35,907 are regarded as free reserves against an actual three months spend of £12,799. The current level of reserves is therefore higher than is needed.

At present there is £3,311 of restricted funds.

Charitable Purpose, Aims and Targets of the IEF

Aim

The IEF is an independent charitable foundation that has been established to improve nutrition, health and education in low- and middle-income countries by increasing egg production and consumption.

The aim of the IEF is to create an independent and sustainable food supply promoting self-sufficiency to improve the lives of expectant mothers, infants, children and families, now and in the future. We want to provide people living in low- and middle-income countries with the means and methods to access highquality egg protein and help boost their natural immunity levels.

Goals of the IEF

16

Public Benefit

Key beneficiaries

Children and young people worldwide along with local consumers and their families, focusing on underprivileged and under-nourished areas and regions.

Other beneficiaries

Protocol for ensuring personal benefits are minimal

The Trustees will ensure that personal benefits are minimal through a policy of independence from the commercial egg production businesses, maintaining a majority of Trustees who are not owners or shareholders in commercial egg production operations.

Other policies to minimise the risk of personal benefits will be put in place and reviewed from time to time by the Trustees.

17

Trustees’ Report

IEF Objects

How do the objects confer benefit?

The objects will help children and many others in under-privileged communities.

18

How will the Trustees carry out the objects?

The Trustees will carry out the objects through the creation of new projects and by adding value to existing projects.

The IEF will co-operate with existing projects that are run by organisations such as HOI, OneEgg, Ebenezer Agricultural Centres and Trustlines Development Network Inc., adding value to their existing projects in a cost effective and focused way.

The IEF has a database of qualified and willing experts who want to donate their time to development projects.

Deciding who will benefit – countries and communities

The IEF wants to have the largest impact possible for the least amount of additional money invested.

Trustees will make decisions on who will benefit based on a “cost / benefit analysis” guided by the principal of creating best value for money, supported by a high level of sustainability. Sustainability encompasses a range of factors including human welfare, animal welfare, the environment and financials.

New projects that have the backing, physical support and financial match funding from wellestablished and recognised agencies such as the UN will take priority over other new projects.

Existing projects that are being supported and organised by well-established and recognised agencies will have preference over other joint projects.

19

Trustees’ Report

IEF – Registered Charity 501 ( c ) (3) USA

In April 2015, the IEF Board of Trustees identified a need for the IEF to be a registered charity in the USA, to encourage additional donors in the USA and support the IEF fundraising campaigns. It was decided this additional body would focus on raising funds for international programmes.

The Inland Revenue Service (IRS) issued a favourable determination letter to the IEF for the new Ohio Corporation, classifying the foundation as a tax-exempt public charity retroactively to 5th November 2015.

Current Trustees of IEF England and Wales have the following role within IEF USA (As of 31 December 2024):

----- Start of picture text -----
IEF (UK) Title IEF (USA) Title
Timothy Lambert Trustee and Chairman Director
Anthony Stephen Manton Trustee and Treasurer Director and Treasurer
Christopher Pierce Trustee Director
Bruce Dooyema Trustee Director
Dr Pierre-Marie Borne Trustee Director
----- End of picture text -----

Protocol for Project Planning

Research

Implementation

20

Long-term aims

Establish long-term aims based on the Mission Statement:

Establish future contacts with other organisations with similar aims by:

Draw up procedures for the selection of projects and beneficiaries with the following features:

Summary of Activities and Achievements

The IEF focuses on improving access to high-quality protein in areas with nutritional deficiencies. For example, through collaborations with partners like HOI and OneEgg, the IEF has helped establish sustainable egg farms to provide protein for vulnerable children and communities in the Agalta Valley in Honduras.

Education and training are essential components of the IEF’s work, including the Global Egg School programme, which provides technical training to agricultural students and local producers having supported over 400 egg farmers and agricultural students to date. The IEF also offers layer management training and resources like the Production Manual and training videos to support emerging egg producers.

By utilising the latest technology and forming technical partnerships, the IEF enhances production and yield efficiencies. This includes advancements in lighting and the extension of boiled egg shelf life. Ultimately, the IEF aims to empower communities, promote entrepreneurship, and improve livelihoods through sustainable egg production.

Projects were undertaken to achieve a range of IEF objectives including:

A full report on activities and achievements is contained in the “Our Focus” section at the front of these accounts.

21

Trustees’ Report

Statement of Trustees’ responsibilities in relation to the Trustees’ report and financial statements

Charity law requires the Trustees to prepare a financial statement for each financial year, which gives a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial statements, the Trustees have:

The Trustees have overall responsibility for ensuring the charity has appropriate systems of control, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure they comply with the Charities Act 2011 and 2022.

They are responsible for the safeguarding of the assets of the foundation and therefore, taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

The system of internal controls is designed to provide reasonable, but not absolute, assurance against any material misstatement or loss. These controls include:

Approved by the Trustees on 17th July 2025 and signed on their behalf by:

Bruce Dooyema IEF Chairman and Trustee

22

Independent Examiner’s Report

Independent Examiner’s Report to the Trustees of the International Egg Foundation

I report on the accounts of the charity for the period ended 31 December 2024, which are set out on pages 24 to 30.

Respective responsibilities of Trustees and examiner

The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Mr Mark Griffiths

Chartered Accountant

Dyke Yaxley Limited, 1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA, United Kingdom 20th August 2025

23

Financial Statements for the International Egg Foundation

Statement of Financial Activity for the Period Ended 31 December 2024

Note Unrestricted Restricted 2024 Total 2023 Total
Funds (£) Funds (£) Funds (£) Funds (£)
Income
Donations 4 355,736 - 355,736 372,341
Investment Income - - - -
Total Income 355,736 - 355,736 372,341
Expenditure
Charitable Activities 5 374,132 3,405 377,537 379,733
Total Expenditure 374,132 3,405 377,537 379,733
Transfers Between Funds - - - -
Total Funds Brought Forward 67,102 6,716 73,818 81,209
Net income (Expenditure) and (18,396) (3,405) (21,801) (7,391)
net movement in funds for the
period
Total Funds Carried Forward 48,706 3,311 52,017 73,818

24

Balance Sheet for the International Egg Foundation as at 31 December 2024

Note 2024 2023
(£) (£)
Current Assets
Cash and Bank 38,408 59,045
Prepayments 1,451 -
Other debtors 211 -
Monies owed from
International Egg 18,234 18,234
Foundation (USA)
58,304 77,279
Current Liabilities
Accruals 6,287 3,461
Creditors - -
Net Current Assets 52,017 73,818
The funds of the charity
Unrestricted Funds 48,706 67,102
Restricted Funds 3,311 6,716
52,017 73,818

The notes at pages 26 to 30 form part of these accounts. The accounts were approved by the Trustees on 17th July 2025.

Bruce Dooyema

IEF Chairman and Trustee

25

Financial Statements for the International Egg Foundation

Statement of Cash Flows for the International Egg Foundation for the Year Ended 31 December 2024

Note 2024 2023
(£) (£)
Net Cash used in operating 12 (20,608) (8,189)
activities
Cash fows from investing
activities:
Interest - -
Net cash provided by - -
investing activities
Cash and cash equivalent 59,046 67,235
brought forward
Cash and cash equivalent
carried forward
Unrestricted Funds 38,408 59,046

26

Notes to the accounts for the period Year 31 December 2024

1. Accounting policies

1.1 Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and 2022.

The trust constitutes a public benefit entity as defined by FRS 102.

The Trustees consider that there are no material uncertainties about the trust’s ability to continue as a going concern.

1.2 Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.

1.3 Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.

Voluntary income is recognised on receipt.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

1.4 Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of the economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

27

Financial Statements for the International Egg Foundation

1.5 Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note 1.7 below.

1.6 Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

1.7 Allocation of governance costs

Governance costs and support costs relating to charitable activities have been apportioned based on governance. The allocation of support and governance costs is analysed in note 6.

1.8 Charitable activities

Costs of charitable activities include grants made, governance costs and an apportionment of support costs as shown in the notes to the accounts.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments and original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings of current liabilities.

2. Critical accounting estimates and judgements

In application of the trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

3. Legal status of the charity

The International Egg Foundation is a charitable incorporated organisation, constituted under a governing document dated 8 July 2014, charity number 1157778.

28

4. Donations 2024 2023
(£) (£)
Donations 29,396 28,796
In-kind donations 326,340 343,545
355,736 372,341
5. Charitable activities 2024 2023
(£) (£)
Charitable activities 3,405 14,986
Charitable activities – unrestricted 8,498 -
In-kind donations 326,340 343,545
Share of governance costs (note 6) 39,294 21,222
390,434 379,733
6. Governance costs 2024 2023 Basis of
(£) (£) allocation
Employment costs 26,188 - Governance
Consultancy - 14,825 Governance
IEF Projects Ltd 360 -
Independent examination 5,400 3,000 Governance
Room hire 1,083 -
Printing, postage & stationary 720 1,095 Governance
Insurance 1,038 - Governance
IT Costs 2,654 -
Travel costs 1,851 2,224 Governance
Credit Card Charges - 78 Governance
39,294 21,222
Analysed between: Charitable activities 39,294 21,222

29

Financial Statements for the International Egg Foundation

7. Analysis of movements in restricted
funds		 Funds at 31
December		 Income Expenditure Funds at 31
December
2023 2024
Project Honduras 6,716 - 3,405 3,311
6,716 - 3,405 3,311

8. Trustees

During the year £Nil was paid to the Trustees to reimburse travel expenses.

9. Employees

There were 2 employees during the year (2023: none).

10. Related Parties

Included in debtors at the year-end is an amount owed from International Egg Foundation USA of £18,234 (2023: £18,234 owed from International Egg Foundation USA), all the Trustees of International Egg Foundation are also Trustees of International Egg Foundation USA.

11. Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Charitable Gains Act 1992 to the extent that these are applied to its charitable objects.

12. Reconciliation of net movement in funds
to net cash fow from operating		 2024
(£)		 2023
(£)
Net movement in funds (21,801) (7,391)
Deduct interest income shown - -
in investing activities
Increase (decrease) in creditors 2,826 798
Increase (decrease) in debtors -1,633 -
(20,608) (8,189)

30

References

Chairman Bruce Dooyema

Treasurer/Secretary Timothy Lambert

Trustees Bruce Dooyema Timothy Lambert Anthony Stephen Manton Dr Pierre-Marie Borne Christopher Pierce

Chief Executive Officer Cassandra Price

UK Registered Office: 1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA, UK

USA Registered Office: c/o Dyke Yaxley LLC, 1468 West 9th Street, Suite 100, Cleveland, OH 44113, USA

Bankers Barclays Business, 1st Floor, 44/46 Castle Street, Shrewsbury, Shropshire, UK

Accountants Dyke Yaxley Limited, 1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA, UK

info@internationaleggfoundation.com www.internationaleggfoundation.com

Registered Charity No: 1157778 (England & Wales) Registered Charity 501 (c)(3)(USA)