Foundation For Education To Improve Family Planning
Annual Report and Financial Statements
Year Ended 31 December 2023
Charity registration number.. 1188260

Foundation For Education To Improve Family Planning
Annual Report and Financial Statements
Year Ended 31 December 2023
Contents
Page
Charity Reference and Administrative Details
Trustees, Annual Report
Independent Auditor's Report
Statement of Financial Activities
3-11
12-15
16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Financial Statements
19-29

Foundation For Education To Improve Family Planning
Charlty Reference and Administrative Details
Year Ended 31 December 2023
Charity reglstration number
1188260
Trustees
Dr Desire Collen
Dr Kevin 8umard
Dr Da9hni Rajasingam
Mr Andrew Edge (appointed 08103120231
Ms Chnstine Elise Juliette Collen (appointed 01112120231
Chief executive officer
Mr Chri5 Buyse
Reglstered office
Flat 33
Swan Court
Chelsea Manor Street
London
SW3 5RX
Auditor
Redford & Co Limited
Chartered Accountants
1¥1 Floor
64 Baker Street
London
W1U 7GB
Banke
Triodos Bank
Deanery Road
Bristol
BS1 SAS
ABN AMRO Bank NV
Borsbeekseburg 30
2600 Antwerpen-Berchem
Belgium

Foundation For Education To Improve Family Planning
Trustees, Annual Report
Year Ended 31 December 2023
The Trustees present their report and the audited financial slalements of the charity for the year ended 31
December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice
ISORPI "Accounting and Reporting by Charities" in preparing the annual report and financial statements of
the charity.
The financial slaternents have been prepared in accordance with the accounting policies set out in the notes
lo 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 lo eharilie5 preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
published in October 2019.
Trustee$ of the charlty
The trustees who have served during the year and since the year end were as follows..
Dr Desire Collen
Dr Kevin Burnard
Dr Daghni Raiasingham
Mr Andrew Edge (appointed 08103120231
Ms Christine Elise Juliette Collen lappoinled 0111212023}
Structurej goyemance and management
We have the pleasure to report on the activities of our fourth working year of FEFP. The 2023 year was a
very active year for our charity. Important progress was reported in our four existing projects in Cosla Rica,
Guatemala, Colombia and Tanzania. In addition, two exciting new projects received support from FEFP
"School Ajpopoli" in Guatemala and Leaving no girl behind" in Sierra Leone Idecided in FY 2023 and started
in FY 20241.
On 25 February 2020 the Governance document (Charity Commission CIO modell that was approved by the
Trustees, was submitted with the registration application to the Charity Commission of England and Wales.
The Charity Commission of England and Wales regISte￿d FEFP on 28 February 2020 with Registration
Number 1188260. On 26 October 2020 HMRC recognised FEFP as a Charitable Incorporated Organisalion
(CIO) for tax purposes in line with Paragraph 1 of Schedule 6 Finance Act 2010. A dedicated website was
then developed fof FEFP Iwww.fefp.co.ukl.
FEFP was initiated by Em. Prof. Désiré Collen and is governed by a board of Trustees. At regular trustees,
meetings, the Iruslees agree the board strategy and areas of activity for FEFP. All trustees give their lime
freely and no trustee remuneration was paid in the year.
Objectivos and activities
FEFP is a CIO with a mission to support education of pre-adolescent youngsters in the field of family
planning and health, with reference lo the societal and environmentsl consequences of population growth
and poverty. Currently FEFP supports educational projects in Cosla Rica, Colombia, Guatemala, Tanzania
and Sierra Leone (since 20241.
Over the 2023 year, FEFP provided support lo the following projects".
Fundacion Tejedores de Suenos (Costa Rica)
FEFP support paid in the year.. £21,636.
Fundacion Tejedores de Suefios IFTS, www.ftejedoresdesuenos.orgl is a Costa Rican foundation
constituted In 2010 with the aim to "promote education and well-being of Cosla Rican teenagers, through a
program of scholarships for secondary school for promising youngsters of low-income families..

Foundation For Education To Improve Family Planning
Trustees, Annual Report
Year Ended 31 December 2023
With the support of Foundation for Education to improve Family Planning IFEFP), initially via Life
Sciences Research Partners ILSRPI and under the guidance of Dr Urbain Boulelegier as the
Coordinator of the "Healthy Youth Program" an extended strategy was developed, essentially along
the following lines..
Scholarship programmg
The scholarship programme wants to achieve more than our students just'passing the year,.
Economic support.. provide help with Liniforms, school supplies and bus passes and in some
cases, scholarships for sports and cultuol activities of our scholars, in exchange for good
results.
Discipline.. to remain in the programme, students musl report each month, contribute to a
social programme with 4 hours community work per month.
Nelwork building.. through the community work programme. the scholars learn that they can also
contribute lo society even if they have no economic resources, and at the same time they get a
chance to build a network, through which they can improve access lo work opportunities later.
Sana Juventud /Healthy Youth
Healthy Youth acknowledges that there are many more factors than a lack of money, that cause
school dropout, and wants to create awareness around them through social media campaigns and
projects.
Our main projects in Healthy Youth are..
Al Cole en BIT¢1
A programme aimed al $upplying bicycles to mainly ru￿1 schools. The schools 'lend' the bike
to youngsters who must walk long distances lo school and have no access to or resources to
pay for public Iransportalion. The programme ran from 2021 and was successfully ended in
2023, with 1000 bicycles donated lo 66 secondary schools. The National Institute for Learning
completed the programme by gi￿.ng 14 videos on how lo use, maintain and even repair the
bicycles.
Juntas al Bachi
Together with the company Cecropia, now Multiplied, and the community work of the Faculty
of Education of the University of Cosla Ri¢a. the Foundation provides a digital platform In
which mothers can obtain their secondary school degree studying from home, whenever they
have some free space and time. Although not less than 600/0 of Cosla Rican adults never
obtained their secondary school degree, the programme aims specifically at mothers because
they are the ones who have least options to follow classes ouldoofs or in online synchronous
programmes After their first year with the subjects for 'bachillerato' Ilasl years of se¢ondary
school), and thanks lo a new alliance with Educandole Ya, the Foundation can now provide
the preparation for the entire secondary school.
Tallerès Sana Juventud/ Workshops Healthy Youth
Teenage pregnancy In Costa Rica fell to about 80/0 in 2022. from 160fi a decade before, but
unfortunately, such pregnancy still often results In school dropout. With the support of the
Faculty of Social Work of the Universidad Libre de Cosla Rica IULICORII, and the company
Bayer, workshops for Ipre-lteens. some of them indeed already moms, throughout the country
are organised. Not only topics of important changes during adolescence and methods for
prevention of teenage pregnancies, bul also how to recognise an inappropriate relationship -
of an underage person with an adult person al least 5 years older, which are forbidden in
Cosla Rica Sin￿ 2016- are explained.
I00°A en el Cole
SinTr 2018 a Congress is organised that brings people and organisations active in the fi'ght
against various factors that cause school dropout together. In March 2024 the next congress
will deal with Inequality and ils effect on education Iwilh 3 expositions from experts in the field).

Foundation For Education To Improve Famlly Planning
Trustees. Annual Report
Year Ended 31 December 2023
Cocoa for Schools (Tanzania)
The projects in Tanzania are a collaboration betsveen the Foundation for Education lo improve Family
Planning IFEFPI and Cocoa for Schools ICfSI.
Cfs lwww.cocoaforsehools.bel is a nol-for-profil IVZWI non-govemmenlal organisation INGOI registered
in Belgium and Tanzania, started up by Mr Fons Maex, founder and ex-CEO of Kim's Chocolates NV, and
governed by a board of Directors. 11 is a social responsibility project focusing on community development
and improvement of the infrastructure of primary and secondary schools in the cocoa growing villages in
the Southern Highlands of Tanzania. Since 2016, 970 new classrooms have been constructed and
another 844 have been renovated. The extensive experti'se acquired In this program is now applied lo the
construction of dormitories for girls.
In Tanzania, the support of FEFP includes the construction of dormitones for girls as well as the
educational project Tuzungumze.
Donnltories
Rationale
The 2023 birth rate in Tanzania was 35. 1 per 1000 people, with a death rale of 6.2 per 1000, and il is only
slowly decreasinglsee chart below). Life expectancy is 64 years for males and 68 years for females.
Current
U.N. Pfojeciions
sc.00
4Q.000
0 35.OOD
20.0
1S.QQO
Current
U.Pl. Projections
1950
?00
2050
2LOO
Thus, il is expected that the population in Tanzania leslimaled al 65 million today} will double by 2050.
Over 30 /0 of the women become pregnant before the age of 18, and many much earlier. Furthermore, the
home situation often makes it difficult for girls to study Idomeslic tasks, lack of food, sexual
harassment ..) As il is increasingly obvious that education is the key lo family planning, a protective
environment for gids during secondary school is vital. Therefore, building dormitories represents an
important contribution in the strLJggle to limit explosive population growth.
General principles
The aim of this Collaborative project is lo build dormitories in secondary schools, each for about 80 girls,
with supply of drinkable water and appropriate sanitary provisions. Constructions occur in collaboration

Foundation For Educatlon To Improve Family Planning
Trustees, Annual Report
Year Ended 31 December 2023
with local authorities, with 800/0 of the total cost provided by FEFP and 20Q/o by the local community. Funds
from FEFP are made available only when the local 20.kn contribution has been completed. For each
dormitory a Memorandum of Understanding IMOUI is signed between the District Council, FEFP and Cfs.
The Mou outlines the responsibilities and contributions of each partner and defines quality criteria for the
buildings.
Construction of domiitories
Construction of the buildings is done according lo approved governmental regulations and plans. Each
dormitory has stsndard dimensions of 35 x 9 m with an additional sanitary block of 10 x 9 m. Each building
consists of a central hall and a corridor with 10 rooms on each side, thus 20 rooms are available for 4 girls
each with a centr81 lighted system. For each of the gir15 there is a bed, mattress, cover, and pillow as well
as a wardrobe. lamp and electric socket. The sanitary block contains al least 5 showers, 5 toilets lone for
handicapped girls), 10 wash-bowls and 2 laundry rooms, all with water outlets.
A water well is drilled up to 100+ m deep and a hybrid pump system lon solar energy and ele¢tricilyl
provides unfiltered water to the showers and toilets and filtered Iplus UV Irealedl drinking water lo the
domiilories and to outside laps.
The total cost for a dormitory with furniture and water well system today amounts lo approximately
£99.705, of which £27,744 is for the water system.
The locations of all the secondary schools can be found on Google Maps. Al the end of the FY 2023, the
following projects were finalised or under construction..
Maziwa {Mbeya)
FEFP support paid in the year.. £60,8791o finish an already stsrted building. This is a girl only schry)I with 317
children, renamed as TULIA School for Girls.
The dormitory deviates from the standard plan. 11 is a T-shaped building for 168 girls with a separate block
for toilets and showers, and a 10,000 lilre water tower.11 is now fully operational.
Samora Machel {Mbeya)
FEFP support approved.. £45,084 to complete an existing building from shell conslruclion. The local
contribution has now been completely delivered, and the building looks solid and well-conslructed. This is
large school with 1200+ children of which 52Yo are girls. A second dormitory has been started in 2023
and Is up lo lintel level, bul the foundation mLtst be improved before the work can continue.
Nyasa L8ke Shore (Kyela)
FEFP support paid.. £43,350 to complete a dormitory for 88 gids. 11 is a school with 900 children of which
approximately 500 are girls.
After Cfs finished the construction, the local community added another T-shaped building with sanitsry
provisions. Water is collected from the surrounding mountains and no water well needed lo be drilled.
Kafundo (Kyela)
FEFP support paid in total £216,750 and about £17,340 supplied by Cfs.
Two new dormitories for 80 girls each were constructed, and one was further completed, with water well
and tower. A large community hall was built serving as a meeting place and dining room for the girls. In
addition, with SLtpport from LSRP 1£15,6061 the laboratories for chemistry, physics and biology were
renovated and are now state-of-the-art.

Foundation For Education To Improve Family Planning
Trustees, Annual Report
Year Ended 31 December 2023
Kiwara Coal Mine (Kyela)
FEFP support paid in the year.. £71,672.
This is a new building for 80 girls, started up locally and completed by FEFP and Cfs. including water well
and pumpllower system. A dining hall has been started but not completed due lo lack of funds.
The school has 580 students and is in a remote rural area. The dormitory now houses 80 girls, 60 of
which are more advanced students supported by the government.
Masukulu (Rungwe)
FEFP support paid in the year." £78,214 to complete a new building started locally. It is a standard
dormitory for 80 girls including a water well in a school with 600 children.
Itewe (Chunya)
FEFP support paid in the year.. £72,790 lo Complete a new building started locally. It is a standard
domiitory including a water system. It is very well constructed and nicely finished The school has 530
children.
Im81ilo Songwe (Mbarali)
FEFP support paid in the year.. £58,561 to complete a standard dormitory started up locally. The water
well and system were sponsored by Cfs.
It is a school with approximately 300 girls and all 80 places in the dormitory are now occupied. The school is
in a very dry rural area in Masai territory The accommodation for giAs is particularly important be¢ause of
the nomadic nature of the population, allowing girls lo slay on site and to continue their studies.
Igava (Mbarali)
FEFP support paid In the year." £53,616 to complete a standard dormitory. 11 is a school in a very remote
and arid area with 500 pupils of which 59Vo comprises of gids.
Izyira {Mbeya)
FEFP support paid in the year.. £27,878 to complete a dormitory for 112 girls, with a separate building for
showers, toilets and laundry. The school has 265 pupils and is very remote. The water well, pump and
tower are sponsored by Cfs. All works have been completed.
Ikapu (Busokelo)
FEFP support approved.. £77,909.
The local contribution of 200A as outlined in the Mou has not yel been provided. They still have to lay one
extra layer of bricks for the outside walls and to bring all the inside walls up to the agreed level as well as
to complete the septic lank.
Katumb8songwe (Kyela)
FEFP support approved. £49,419.
The local contribution is not yel completed. They have completed the foundations and floor plates and
have bought all the bricks for the building bul need lo collect money for sand, cement and iron bars for the
lintels.
Mamas in Accion (Colombia)

Foundation For Education To Improve Family Planning
Trustees, Annual Report
Year Ended 31 December 2023
FEFP support paid in the year.. £79,218.
Through Juanfe's 360° Model, teenage mothers in 511ualions of vulnerability, risk and exclusion are
supported lo generate the necessary skills (being. doing, and knowing how lo dol lo achieve economi¢
autonomy through a decent, formal and stable job and lo develop their maternal role in a responsible way.
Through the strengthening of the transformative program "360° Model we seek the social and economic
inclusion of 2,900 teenage moms. and as such, lo contribute lo the peace-building process in Colombia
through vocational training, job placement and social inclusion through decent work.
The 2023 results are impressive..
1,686 teenage mothers fully supported through our 360° Model.
449 teenage mothers completing a technical Iraining118 months).
464 teenage mothers found a decent and formal job.
5,628 total beneficiaries in Cartagena and Medellin, including families and community members.
The major activities are focused around".
l. Vocational training
449 teenage mothers in Cartagena and Medellin attended our 18 months vocational training
programs in Cooking, Beauty & Hairdressing, Hotel & Tourism, Administrative Assistant, SO￿are
Development and Commercial Assistant. 351 mothers graduated in 2023 and 98 are pursuing their
training in 2024.
2. Employment and Opportunity Center ICEOI
After graduating from their training, the Employment and Opportunity Cenler further a¢companie$
teenage moms lo achieve labor inclusion This year, 464 moms found decent jobs, 128 completed
an intemship and 841 participated in continuous learning programs lo strengthen Iheir technical and
soft skills.
To achieve these results, CEO is constantly seeking lo expand its ne￿Ork of associated local
companies that commit to sUPPOrt Juanfe through sponsorship as well as internship and employment
opportunities for the young moms. In 2023, 583 Colombian companies included Juanfe as part of
their Corporate Social Responsibility stmtegies.
3. ReplicabilFty
The program's powerful impact has led Juanfe to offer methodology transfers of ils "Model 360° al
national and international level.
After having successfully completed transfers in Panama {20151, Chile 120171 and Medellin 120181.
Juanfe recently sealed an alliance with the Hilton Foundation through which, for 2.5 years, 720
Venezuelan migrant women will benefit from capacity building and the necessary tools to obtain and
maintain formal and dignified employment in their host country (Colombial. Furthermore, in the
Dominican Republic, represenlalives of the national government and the Inter-American
Development Bank 11081 have expressed their intention lo have technical assistance from the
Foundation in 2024.
The 2024 perspectives are..
Creation and implementation of new complementary courses in information and communication
technology Ichalbols, social networks, artificial inlelligencel, intercultural and innovative skills
(agile pedagogy, creativity. enlrepreneurshipl.
Strengthening the monitoring system allowing to assess the impact of the programs more

Foundation For Education To Improvo Family Planning
Trustees, Annual Report
Year Ended 31 December 2023
a¢¢uralely on the young women we serve and adjust strategies as needed.
Establish a relationship strategy with the business sector that allows the consolidation of our
dual training offer and a more assertive, effective and sustainable labour insertion of young
mothers.
School for Hope (Guatemala) via "Education for the children"
(EFTC)
FEFP support paid in the year". £60,000.
In December 2023, FEFP committed an amount of £52,0001£20,000 for the FY 2024, paid in January 2024
and £32,000 for the FY 20251 to support the recovery phase of the School for Hope. This recovery stage
begins by making improvements to their core services now and over the coming few years that will enhance
the overall quality and gel the students back on track.
The School management wanted lo bring back elements of their school day that they had lo reduce or
remove altogether Both clubs and importantly, entrepreneurship were cut. Art, dance, sport, cooking,
woodwork. sewing and more. These hands-on, active, and expressive skills and interests are vital to form
well-rounded future citizens.
Maths and literacy are also both areas of focus and Concern in 2024 and will continue to be so in the Coming
years.
Literacy rates in their youngest leamers were drastieally impacted when the School was closed with a large
percentage unable to read and write at the beginning of this year Illiteracy is not a new challenge they have
faced bul it is a problem they plan to tackle head on and their long-term goal is for our kindergartners lo go
10 1 st-grade reading, something that is rare in this area of Guatemala. especially In low-income populations.
A second area of country-wide concern is with maths. Teachers struggle lo understand and teach the
subject and students suffer. This knowledge gap only widened throughout the Covid-19 pandemic but this
year they are building on the improvements made in 2022. Better resources, MAP testing for key year
groups and lop teacher training would significantly Improve our maths curriculum.
Their education curriculum is vitsl but they know their 360 approach lo wrap-around care is what makes us
truly special and that is why they know that their soci81 and healthcare programme5 also need improving.
The School has a desperate need to improve their Sexual Reproductive Health CUrr￿cUluM by expanding ils
reach to their younger students and improving the frequency al which it is laught. Without a more slruclured
and specialist approach to it, they fear the recent trend overhanging from Covid of more teenage
pregnancies and unhealthy sexual relationships may persist By employing a specialist in this area, they
could leach effectively In junior high, design and implement a curriculum for pnmary school, train parents on
the subject, and offer better birth corilrol counselling and referrals to their partner organisation, WINGS.
School Ajpopoli (Guatemala)
In 2023, FEFP decided to support one addition81 project in Guatemala, 'School Ajpopoli"
Ajpopoli vzw is a non-profit organisation founded in 2007, based in Leuven, Belgium {www.ajpopoli.coml.
popoli supports a private school 'Cenlro Educalivo Ajpopoli Ak'wala, in the mountain municipality San Juan
Comalapa, Guatemala. As a private school, il is not subsidised by the government. Ajpopoli Ak'wala means
bringing wisdom to the youth.

Foundation For Education To Improve Famlly Planning
Trustees, Annual Report
Year Ended 31 December 2023
The vision of Ajpopoli vzw is.. high quality schooling and education are the only way out of poverty and
oppression for the underprivileged Maya children. Schooling is the opportunity for a better future.
Many students grow up in a single-parenl family. with a low literacy rate. Thanks lo a good basic education,
the Maya ehildren develop a solid base, which will enable them to pursue higher studies and will boost their
chances in finding a job al a later stage. Furthermore, an equal treatment of girls and boys is essential in the
Ajpopoli education plan. Unfortunately, that equality Is not obvious in presenl-day Guatemala. Therefore, the
curriculum includes sex education for both boys and girls from the fifth grade on. In secondary school, the
focus will be on family planning through corre¢l Infomiation on e.g., contraception, Incest, and partner
violence. By making these topics negotiable. we aim lo raise awareness and aspire more individual
coaching.
Courses are given by qualified and highly motivated Maya teachers. The School also provides medical
and social support lo the children and their families when they are in need.
'Centro Educalivo Ajpopoli, Ak'wala, offers education to 300 pupils from third kindergarten up lo third
secondary grade 500/0 of the pupils are girls Ajpopoli vzw entirely finances the 24 teachers and staff
members 1700/0 women). Fundraising is mainly done through foster parenting, activities, and gifts. All
donations go entirely to the school.
Good basie education is an essential prerequisite for the prospects of the Maya children.
Because of its limited means, the School has not yet been able lo offer ils stL+denls higher secondary
studies. Such 8n opportunity would increase their chances on the job market and provide a better prospect
lo enter university studies.
In the cUr￿nt situation, our pupils are obliged lo go to schools outside the municipality, which entails higher
study and Iransportalion costs. Therefore. they often drop out or combine work with weekend classes, which
does not improve the level of education and chances for success.
The extension of our school programme with highei secondary studies will certainly benefit female pupils.
Traditional Maya families still favour boys over girls, in case they musl pay for the continued studies
themselves. Our free" offering will facilitate the decision for these families to allow their daughters lo
continue higher studies.
This higher study level will give the girls prospects to a beller development, a higher degree of emancipation
and finally more conscious and controlled family planning.
Organising a higher education department 'Bachillerato en Ciencias y Letras, means that ￿ additional
study years must be sel up.
FEFP agreed lo support the organisation of these two additional study years and committed a total grant of
£163,040 of whieh an amount of £50,465 was paid in the year. The remaining balance will be paid in the FY
20241£58,8101 and in the FY 20251£53,7651
The Iruslees confimi that they have referred lo the guidance contained in the Charity Commissioner's
general guidance on public benefit when reviewing FEFP'S aims and objectives and in planning future
aclivilies.
Flnancial review
The major asset of FEFP is a 29.7560A shareholding in Fund+ NVISA, an investment fimi, investing in
companies active in the sector of Life Sciences and some cash al hand The working expenses of FEFP will
be financed by the dividend that Fund+ NVISA will distribute lo its shareholders and from its own cash
resources. A dividend of £4,588,784 was received from Fund+ NVISA in June 2024 in respect of the
FY2023.
10

Foundation For Education To Improvo Famlly Planning
Trustees, Annual Report
Year Ended 31 December 2023
FEFP also had (ash funds in ils bank accounts of £3,035,569 and an investmenl portfolio with ABN AMRO
Bank NV in Belgium value(J at £13,437.140 at 31 December 2023.
For further finanaal information, wè r8fer to the attached financial statements.
Going Concern
The trustees consider that ts)ere are no material uncertaintes about the charity's ability to (ontinue as a
going concern.
Plans for future p8riod5
FEFP will continue its approach ol fundin9 educational projects that serves ils objectives. The grants will b8
funded from futu￿ dividend income ￿ceiVed and from current bank balances.
Trust•e$' rnsponsibilitiès
The trustees are responsible for preparing the Trustees, Annual Report and th8 fin8ncial stat8rn8nt5 in
accordan￿ with applicable law and United Kirodom Accounting Standards Iunited Kingdorn Generally
Acc8p18d Accounting Practicel.
The law applicAbl8 lo charities in England & Wales requir85 the Iruslees lo prepare finanual sta18m8Nts for
each financial year which give a true and fair view of the stale ol affairs of the charity and of the incoming
resources and application of resourc85 of the charity for that period.
In p￿Paring these financial statement5, the trustees a￿ reqUI￿d to..
S818ci Suitable a¢¢ountino policies and then 8pply them consistently.,
obs8rv8 the Methods and principles in the Chariti85 SORP 2019 IFRS 1021..
make judgements and estimatès that are reasonable and prudent..
stste whether applicable a¢(ounting Standards have been follDv4ed."
prepare the finanaal statements on the gcing wncern basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are raspon5ible for k88ping propèr accounting ￿¢￿)rdS that disdose with reasonable accuracy
at any tim8 lh8 financial position of th8 charity and enable theffl to ensure that th8 finan￿￿1 slaternents
mply with the Ch8ritl88 Act 2011, the Charities IAccounls and Reports) Regulations 2008 and thè
provisions of the constitution. They are also ￿sponSible for safeguarding the assets of the ¢harily and h8nc8
for taking ￿8$onable steps for the prevention and (Jeleclion of fraud and other irregularities.
The trustees are responsibje for the maintenance and integrity of the charity and finanoal information
included on the tharity's website. Legislation in the United Kingdom governing the preparation and
dissernination of finanoal 51atement5 rnay differ from legi51alion in olherjuri5dictions.
Oisclosure of Information to the audltor
Each trustee has taken $18PS that they ought to have taken as a tIU51ee in order to m8k8 themselves aware
of any relevant audit information and ¢0 establish that the charity's auditor is 8W8re of that inforrnation. Th8
tru5t88s confirm that ther8 is no r81evant information that they know of and of which th8y know the auditof IS
unawar8.
Approved by the trustees on 28 June 2024 and signed on ¢heir beha￿ by..
Dr

Foundation For Education To Improv8 Family Planning
Independent Auditor's Report to the Trustees of Foundation For Education To Improve
Family Planning
Year Ended 31 December 2023
Opinion
We have audited the financial statements of Foundation For Education To Improve Family Planning (the
'charily'l for the year ended 31 December 2023 which comprise the Slalement of Financial Aclivilie5,
Balance Sheet. Statement of Cash Flows and notes lo the financial slatemenls, including significant
accounting policies The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United kn'ngdom Generally
Accepted Accounting Practice).
In our opinion the financial slatemenls..
give a true and fair view of the stste of the charity's affairs as at 31 December 2023, and of ils
incoming resources and application of resources. Including its income and expenditure, for the year
then ended.
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting
Practice, and
have been Pfepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial slalemenls section of our report. We are independent of the
charity In accordance with the elhieal requirements that are relevant lo our audit of the financial statements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained Is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial slalements, we have coneluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charity's ability lo continue as
going con￿rn for a period of al least tsvelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the Iruslees with respect to going concern are described in the
relevant sections of this report.
Other infomiation
The other information comprises the information included in the trustees, annual report. other than the
financial statements and our auditor's report thereon.The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does not cover the
other information and, except to the exlenl otherwise explicitly slated in our report, we do not express any
form of assurance conclusion Ihereon
Our responsibility is lo read the other information and, in doing so. consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies Of apparent
material misslalemenls. we are required to determine whether this gives rise to a material misstatement in
the financial statements themselves. If. based on the work we have performed, we conclude that there is
material misstatement of this other informabon, we are required to report that fact.
We have nothing lo report in this ￿gard.
12

Foundation For Education To Improve Family Planning
Independent Auditor's Report to the Trustees of Foundation For Education To Improve
Family Planning
Year Ended 31 December 2023
Matters on which we are rpquired to report by exception
We have nothing to report in respect of the following matters in ￿latIon lo which the Charities (Accounts and
Reports) Regulations 2008 require us to report lo you if, in our opinion..
the information given In the financial statements is incon51slenl in any material respect with the
trustees, report.. or
the charity has not kept adequate accounting records., or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Responsibillties of trustees
As explained more fully in the trustees, responsibilities statement sel out on page 11, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such Internal control as the trustees determine is necessary lo enable the preparation of
financial slalements that are free from material misstatement. whether due lo fraud or error.
In preparing the financial slatemenls, the Iruslees are responsible for assessing the charity's abilty lo
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of aceounling unless the Iruslees either intend to liquidate the charity or lo cease operations.
or have no realistic allernalive bul lo do so.
Auditor's responsibilities for tho audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are
free from material misslalement, whether due to fraud or error, and lo issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when it exists.
Misstalemenls can arise from fraud or error and are considered material if. individually or in the aggregate.
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial slatemenls.
ltregularilies, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our ￿5F)ons1btjl1ieS, outlined above, to delecl material misslalements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below.
Capability of the audit in detecting irregularlties, including fraud
Based on our understsnding of the charity and the sector that it operates in, we identified the principal risks
of non-compliance with relevant laws and regulations, and we considered the extent to which non-
Complian￿ might have a material effect on the financial slalements. We also considered Ih05e laws and
regulations that have a direct impact on the preparation of the financial statements such as the Charities Act
2011. We evaluated trustee's incentives and opportunities for fraudulent manipulation of the financial
Statements (including the risk of override of conlrolsl, and determined that the principal risks were related to
funds being improperly used and not in accordance with trustees directions. Appropriate audit procedures
were then performed In response lo the identified principal risks and these included..
13

Foundation For Education To Improve Family Planning
Independent Auditor's Report to the Trustees of Foundation For Education To Improve
Family Planning
Year Ended 31 December 2023
discussions with the trustees. including consideration of known or suspected instances of non-
compliance with law5 and regulations and fraud.
obtaining and reviewing supporting documentslion relating to financial transactions carried out by the
charity in the year.
challenging estimates and judgements made by the Iruslees in their significant accounting estimates that
involved making assumptions and considering future events that are inherently uneertain.
corroborating our enquiries of trustees through our review of board minutes and inspection of the charity's
regulatory and legal correspondence.
8ecause of the inherent limitations of an audit, there is a nsk that we will not delect all Irregularities, including
those leading lo a material misstalemenl in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation Is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-
compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud
involves intentional concealment, forgery, collusion, omission or misrepresenlalion.
As part of an audit in accordance with ISAS IUKI. we exercise professional judgement and maintsin
professional sceplicism throughout the audit. We also..
Identify and assess the risks of materi81 misstatement of the financial sl8temenls, whether due to fraud or
error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is
sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material
misslaternent resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery. intentional omissions, misrepresentations, or the override of intemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the charity's internal conlfol.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainly exists related to events or
conditions that may cast significant doubl on the charity's ability lo continue as a going concern. If we
conclude that a material uncertainty exists, we are required lo draw attention in our auditor's report to the
related disclosures in the financial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions are based on the audit evidenee obtained up to the dale of our auditols report.
However, future events or conditions may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentslion lie. gives a true and fair view}.
We communicate with those charged with governance regarding, among other matters, the planned scope
and liming of the audit and significant audit findings, Including any significant deficiencies in internal control
that we identify during our audit.
14

Foundation For Education To Improve Family Planning
Independent Auditor's Report to the Trustees of Foundation For Education To Improve
Family Planning
Y8ar Ended 31 December 2023
Use of our report
This report is made solely to the charity s trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo
the charity's Iruslees those matters we are required to stale lo them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other
than the charity and the charity's Iruslees a5 a body, for our audit work, for this report, or for the opinions we
have formed.
4Q4
Redford &
o Limited
Slatulory Auditor
Chartered Accountants
15l Floor
64 Baker Street
London
W1U 7GB
28 June 2024
Redford & Co Limited is eligible lo act as auditor in terms of section 1212 of the Companies Act 2006.
15

Foundation For Education To Improve Family Planning
Statement of Financial Activities
Year Ended 31 December 2023
Yle 31112123 Yle 31112123 Ple 31112122
Unreslrictett funds
Total funds
Tobi funos
Note
Income and endowmgnts from:
Donations and legacies
385,000
385,000
Investrnent income
87.621
87,621
1.028,704
Total income and endowments
472,621
472,621
1,028,704
Expenditure on:
Charitable activities
1710,1091
1710,1091
1180,199)
Investment manager fees
{78,0261
178,0261
155,4521
Other
1271,6021
1271,6021
114,932
Tot•1 expenditure
11,059,737) 11,059,737)
1120,7191
Nel gains I Ilossesl on
investments
3.875.281
3,875,281
11,615.7661
Net income I lexpendlturel and
movement in funds
13
3,288,165
3.288,165
{707,781}
Reconciliation of funds-
Total funds brought forward
48,426,363
48,426,363
49,134,144
Total funds ca￿led forward
13
51,714.528
51,714,528
48.426,363
All income and expenditure derive from continuing activities.
The slalement of financial activities ineludes all gains and losses recognised during the year.
16

Foundation For Education To Improve Family Planning
Balance Sheet
Y•ar Ended 31 DeCeM￿r 2023
31 December
2023
31 December
2022
Fixed as58ts
Investrnents
48,722,475
44.566,582
48,722,475
44,566.582
Current as8•ts
Cash at bank and in hand
3,035,569
3,905.017
3,035,569
3,905,017
Creditors: amounts falling duè within one yoor
12
143,5161
145,2361
Net current assets
2,992.053
3,859,781
Total assets less ¢urr•nt liabilities
51.714,528
48.426,363
Net assèts
51,714,528
48,426,363
Charity Funds
Unrestricted funds
13
51,714,528
48,428.363
To¢al ¢harlty funds
51,714,528
48,426,363
The finanoal 5tat8ments wer8 approved and authorised for issue by the Board on 28 June 2024.
Signed on behalf of the board of trust888
DrD
en. Trustee
The not88 on page$ 19 to 29 form part of these financial statemer)ts.

Foundation For Education To Improve Family Planning
Statement of Cash Flows
Year Ended 31 December 2023
Yle
31112123
Ple
31112122
Note
Cash flow from operating activities
15
1676,4571
1120,7891
Net cash flow from operating activities
1676,4571
1120,7891
Cash flow from invpsting activities
Nel payments to acquire investments
Interest received
Capital gains distribution
Dividends received
1280,612} 13.129,6961
40,303
4,399
3.424
1,020,881
47.318
Net ¢ash flow from investing activitles
{192.9911 12,100,992)
Net increase l {decrease} In cash and cash equivalents
{869,4481 12.221,7811
Cash and cash equivalents at 1 January 2023
3,905,017
6,126,798
Cash and cash equlvalents at 31 December 2023
3,035,569
3,905,017
Cash and cash equlvalents ¢onsisl of:
Cash at bank and in hand
3,035,569
3,905,017
Cash and cash equlvalents at 31 December 2023
15A 3,035.569
3,905,017
18

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
Sumrnary of signifi¢ant accounting policies
lal General infomiation and basis of preparation
Foundation For Education To Improve Family Planning is a CIO incorporated in England. The address
of the registered office is given In the charity infomialion on page 2 of these financial statements. The
nature of the charity's operations and principal 8Ctivilies are lo support education of pre-adolescent
youngsters in the field of family planning and health, with reference lo the societal and environmental
onsequences of population growth and poverty.
The financial stalernenls have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Issued
in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021, the Charities Act 2011, and UK Generally Accepted Accounting Practice.
The charity conslitules a public benefit entity as defined by FRS 102 Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
The financial stslements are prepared on a going concern basis under the hislorical cost convention,
modified lo include certain items al fair value. The financial statements are presented in sterling which
is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statement5 are sel out
below. These policies have been consistently applied to all periods presented unless otherwise
stsled.
Ib} Funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general
objectives of the eharity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of ea¢h designated fund is set out in the notes lo the financial statements.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or whieh have been raised by the charity for particular purposes. The cost of raising and
administering such funds are Charged against the specific fund. The aim and use of each restricted
fund is sel out in the notes to the financial statements
{c} Income recognltlon
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity 1$
legally enlilled lo the income after any performance conditions have been met, the amount can be
measured reliably and il is probable that the in¢ome will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached lo the donation and this requires a level of perfomiance
before enlitlemenl can be obtained then Income is deferred until those conditions are fully mel or the
fulfilment of those condib'ons is within the control of the charity and it is probable that they will be
fulfilled.
Dividends are recognised when they are declared.
No amount is included in the financial statements for volunteer lime in line with the SORP.
19

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
{c} Income recognltlon {eontinued}
Fixed asset gifts In kind are recognised when receivable and a￿ included al fair value. They are not
deferred over the life of the asset.
Idl Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related lo the category. Expenditure Is recognised where there is 8 legal or
conslruclive obligation lo make payments lo third parties. it Is probable that the settlement will be
required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered. this is accrued as soon as the recipient is notified of the grant, as this gives rise lo a
reasonable expectation that the recipient will receive the grant5. Where grants are conditional relating
to performance then the grant is only accrued when any unfulfilled conditions are outside of the control
of the charity.
le) Support ¢osts allocatlon
Support costs are those that assist the work of the charity bul do not directly represent charitsble
activities and include office costs, governance Costs, adminislralive payroll costs. They are incurred
directly in support of expenditure on the objectives of the charity and include project management
arried out at Headquarters. Where support costs cannot be directly attributed lo particular headings
they have been allocated lo cost of raising funds and expenditure on charitable activities on a basis
consislenl with use of the resources.
lfj Investments
Fixed asset investments are initially recognised al their transaction value and subsequently measured
al their fair value at the balance sheet dale if they are publi¢ly traded or their fair value can otherwise
be measured reliably.
Realised gains and losses on investments are calculated as the difference betsveen sales proceeds
and their fair value at the start of the year, or their subsequent cost, and are charged or credited lo the
SOFA In the year of disposal.
Unrealised gains and losses represent the movement in fair values during the year and are credited or
charged lo the SOFA based on the fair value al the year end.
Igl Debtors and creditors re¢•ivable I payable wlthln one year
Oeblors and eredilors with no stated interest rale and receivable or payable within one year are
recorded at transaction price. Any losses arising from impaimenl are recognised in expenditure.
(h) Impainnent
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balan￿ sheet date. If such indication exists. the recoverable amount of the asset, or the asset's
cash generating unil, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried al a revalued amount where the impairment loss is a revaluation decrease.
20

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
{5) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet dale as a result of a
past event. it Is probable that an oufflow of economic benefi'ts will be required in settlement and the
amount Can be reliably estimated.
ti) Foreign currency
Foreign currency transactions are initially recognised by applying lo the foreign currency amount the
spot exchange rate be￿een the functional currency and the foreign currency at the date of the
transaction.
Monetary assets and liabilities denominated in a foreign currency al the balance sheet date are
translated using the closing rate.
Ikl Taxatlon
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il
meets the definition of a charitable incorporated organisalion for UK corporation tax purposes.
Accordingly, the charity is exempt from tsxation In respect of income or capital gains to the extent that
such Income or gains are applied exclusively to charitable purposes
111 Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist The Iruslee5 have considered the level of funds held and the expected
level of income and expenditure for 12 months from aulhorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reseNes for the charity to be able lo
continue as a going coneern.
Income from donations and legacies
Yle
31112123
Ple
31112122
Gifts and grants
385,000
385,000
Income from donations and legacies was £385,000 (Ple 31112122 - £01, all of which was attn'butable lo
unrestricted fijnds.
21

Foundation For Education To Improve Family Plannlng
Notes to the Financial Statements
Year Ended 31 December 2023
Investment Income
Yle
31112123
Ple
31112122
Dividend income
Capital gains distribution
Interest received
47,318
1,020,881
3,424
4.399
40,303
87,621
1,028,704
Analysis of expenditure on charitsblg activities
Charitable activities- Yle 3111212023
Grant
funding of
activities
Support
costs-
management
fees
Total
Cocoa for Schools - Tanzania
452,919
452,919
Fundacion Tejedores de Suenos - Cosla Rica
21,636
45,871
67,507
School for Hope- Guatemala
60,000
60,000
Actec VZW Juanfe- Colombia
79,218
79,218
School Ajpopoli - Guatemala
50,465
50,465
664,238
45,871
710.109
Charitable activities- Ple 3111212022
Grant
funding of
activities
Support
costs-
managernent
fees
Total
Cocoa for Schools- Tanzania
49,327
49,327
Fundacion Tejedores de Suenos- Costa Rica
8,328
29.552
37.880
International Red Cross - Ukraine
50,000
50,000
Actec VZW Juanfe - Colombia
42,992
42,992
150,647
29,552
180,199
All of the above costs were attributable lo unrestricted funds.
22

Foundation For Education To Improve Family Planning
Notes to the Financial Ststements
Year Ended 31 December 2023
Governance c¢)sts
Yle
31112123
Ple
31112122
Auditor's remuneration
Trustees expenses
Legal, professional and consultancy fees
24,000
1,752
133,312
24,000
1,962
33,340
159,064
59,302
Analysis of grants
Grant anal sis- Yle 3111212023
Grants lo
Inslilulions
Total
Cocoa for Schools- Tanzania
452,919
452,919
Fundacion Tejedores de Suenos - Cosla Rica
21,636
21,636
School for Hope- Guatemala
60,000
60,000
Actec VZW Juanfe- Colombia
79,218
79,218
School Ajpopoli - Guatemala
50,465
50,465
664.238
664,238
Grant anal
sis- Ple 3111212022
Grants to
inslilulions
Total
Cocoa for Schools- Tanzania
49,327
49,327
Fundacion Tejedores de Suenos - Costa Rica
8,328
8,328
International Red Cross - Ukraine
50,000
so,000
Aclec VZW Juanfe - Colombia
42,992
42,992
150,647
150,647
23

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
Net in¢ome I lexpendituro) for the year
Nel income is Staled after charging I Icreditingl..
Yle
31112123
Ple
31112122
Ilncreasel I decrease in value of investment in Fund+ NVISA
3,726, 189
1705,5191
Nel Igainsl I losses on foreign exchange
73,987
1191,006)
(Profit} I loss on fair value movement and sale of listed investments
1149,0921
2,321,285
Auditor's remuneration
The auditor's remuneration amounts to a fee of £24,000 (Ple 31112122 - £24,0001 which includes other
professional services.
Trustees. and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year.
No Iruslees are accruing pension arrangements.
Board meeb'ng and travelling expenses of £1,752 (Ple 31112122 - £1,962} were incurred during
the year.
10 Staff costs and employee beneflts
There were no staff costs and employee benefits in the year.
There were five trustees in the year who were all involved in the governance of the charity-
24

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
11
Fixod •sset investments
Listed
investments
Other
investments
Total
Cost or valuation
Al 1 January 2023
Nel additions
Revaluation
13,007,436
280,612
149,092
33,032,920
46,040,356
280,612
2,401,507
2.252.415
At 31 December 2023
13,437,140
35,285,335
48,722,475
Impairnent
At 1 January 2023
Written back
1.473.774
11,473,774)
1,473,774
11,473,774)
At 31 Oe¢ember 2023
Carrying amount..
Al 31 December 2023
13,437,140
35.285.335
48,722,475
Carrying amount..
At 31 December 2022
13,007,436
31,559,146
44,566,582
The listed investments represent investment holdings in funds and securities managed by ABN AMRO Bank
NV in Belgium. The fair value of listed investments is determined by reference to the quoted price of the
funds and securities in an active market al the balance sheet date.
other investments represent the value of the charity's 29.7560/0 holding In the ordinary share capital of
Fund+ NVISA Ils registered office address is 60 Grool Begijnhof, 3000 Leuven, Belgium. At 31 December
2023, the aggregate capital and reserves of the company amounted lo £103,160,877.
12 Creditors: amounts falling due within one year
3111212023
3111212022
Affruals and deferred income
25

Foundation For Education To Improve Family Planning
Notes to the Flnancial Statements
Year Ended 31 December 2023
13 Fund reconeiliation
Unrestricted funds at 3111212023
Balance at
01101123
Income
Expenditure
Transfers
Gains I
(losses}
Balance at
31112123
Unreslricled - 47,636,959
general
472.621
1275,6411 11,797,840)
3,801,294 49,837,393
Desi
naled
Fundacion
Tejedores
de Suenos
Costa
Rica
390,326
167,507}
16,4601
316,359
Aclec VZW
Juanfe-
Colombia
399,078
179,218}
17,7391
312,121
Cocoa for
Schools -
Tanzania
1452,9191
904.573
451,654
School for
Hope-
Guatemala
160,000}
492,079
432,079
School
Ajpopoli
Guatemala
{50,4651
162,655
112,190
Plan Int. UK
Sierra
Leone
252,732
252,732
48.426,363
472,621
1985,7501
3,801,294 51,714,528
26

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
13 Fund reconcillatlon Icontinuedl
Unreslri
ted funds al 3111212022
Balance at
01104122
Income
Expenditure
Transfers
Gains /
(losses)
Balance at
31112122
Unrestricted 48,692,903
general
1,028.704
1273,8451 1399,0781 11,411,725)
47,636,959
Desi
nated
Fundacion
Tejedores
de Suenos
Costa
Ric8
441,241
{37,8801
113,0351
390,326
Aclec VZW
Juanfe -
Colombia
399,078
399,078
49.134, 144 1,028,704
1311,7251
0 11,424,760)
48,426.363
14 Analysis of net assets between funds
At 3111212023
Unrestricted
funds
Designated
funds
Total
Fixed assets
Cash
Current liabilities
48,722,475
1, 158,434
143,516}
48,722,475
3.035,569
143,5161
1,877,135
Total
49,837,393
1.877,135
51,714,528
At 3111212022
Unrestricted
funds
Designated
funds
Total
Fixed assets
Cash
CUr￿n1 liabilities
44,566,582
3,115,613
145,2361
44,566,582
3,905,017
145,2361
789,404
Totsl
47,636,959
789,404
48,426,363
27

Foundation For Education To Improve Family Planning
Notes to the Financial Statements
Year Ended 31 December 2023
15 Reconciliation of net Income I lexpenditurel to net cash flow from operating activities
Yle 31112123
Ple 31112122
Net income I lexpenditurel for the year
3.288, 165
1707.781}
Dividends received
Capital gains distribution
Interest ￿￿1Vable
IGainsl I losses on investments
Increase I Idecreasel in creditors
147,3181
11,020,881)
13,4241
14,3991
1,615,766
1701
140.3031
13,875.2811
11,7201
Nel cash flow from operating activib'es
1676,4571
1120,7891
15A Analysis of changes in cash and cash gquivalents
01101123
Cash flows
Foreign
exchange
movements
31112123
Cash and cash
equivalents
3,905,017
1795,4611
173,9871
3.035.569
16 Related party transactlons
Consultancy fees of £120,000 were paid lo Sofia BVBA in accordance with a management services
agreement entered into with the company. Chris Buyse, the chief executive officer of the charity. is
director of Sofia BVBA.
The charity has a 29.7560A shareholding in Fund+ NVISA and a dividend of £012022 £978,487> was
received from Fund+ NVISA during the year. The shareholding in Fund+ NVISA was valued al
£30,696.551 al 31 December 2023 Chris Buyse, the chief executive offi'cer of the charity, is a director
of Fund+ NVISA.
During the year under review, Désiré Collen, a trustee, made personal donations of £385,000 to the
charity.
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Foundation For Education To Improvo Family Planning
Notes to the Flnancial Statements
Year Ended 31 December 2023
17 Flnan¢ial instruments
The carrying amounts of the charity's fi'nancial instrument$ are as follows..
31112123
31112122
Financial assets
Measured al fair value through income.
Fixed a55els- listed investments Inole 111
- Cash at bank
13,437,140
3,035,569
13,007,436
3,905,017
16,472,709
16,912,453
Other assets measured at cost I valuation less impairment".
Fixed assets - other investments Inole 111
30,696.551
31.559. 146
47,169,260
48.471,599
Financial liabilrties
Measured at amortised cost
Creditors Inole 121
43,516
45,236
43,516
45,236
The income. expenses, nel gains and nel losses attributable the charity's financial instruments are
summarised as follows.
Yle
31112123
Ple
31112122
Income and expense
Financial assets measured al fair value through net income
3,801,294
1,424,760
18 Grant Commitments
The trustees had committed to make grant payments to various projects 101811ing £1.877,135 al 31
December 2023 These have not been accrued and will be funded by future dividen¢J income and
existing bank balances.
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