Foundation For Education To Improve Family Planning Annual Report and Financial Statements Year Ended 31 December 2024 Charity registration number.. 1188260
Foundation For Education To Improve Family Planning Annual Report and Financial Statements Year Ended 31 December 2024 Contents Page Charity Refence and Administrative Details Trustees, Annual Report Independent Auditor's Report Statement of Financial Activities Balance Sheet Slalemenl of Cash Flows Notes lo the Financial Statements 3-11 12-15 16 18 19-31
Foundation For Education To Improve Family Planning Charity Reference and Administrative Details Year Ended 31 December 2024 Charrty registratlon number 1188260 Trustee8 Dr Desire Collen Dr Kevin Burnard Dr Daghni Raiasingam MrAndrew Edge Ms Christine Elise Juliette Collen Chief executive officer Mr Chris Buyse Registered office 49 Hardy Road London SW19 1JA AudStor Redford & Co Limited Chartered Accounlanls 1st Floor 64 Baker Slfeel London W1U 7GB Bankers 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 2024 The Trustees present their report and the audited financial slalements of the charity for the year ended 31 December 2024 The trustees have adopted the provisions of the Slalemenl of Recommended Practice ISORP} "Aceounting and Reporting by Charities" in preparing the annual report and financial 5talemenls of the charity. The financial statements 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 Aecounling and Reporting by Charities. Statement of Recommended Practi applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland published in October 2019. Trustees of the charity The trustees who have served during the year and since the year end were as follows". Dr Desire Collen Dr Kevin Burnard Dr Daghni Rajasingham MrAndrew Edge Ms Christine Elise Juliette Collen Strueture* govemance and rnanagement We have the pleasure to report on the activities of our fifth working year of FEFP. During the year 2024, the Foundation eonlinued and extended its support for ils five existing projects in Costa Rica, Guatemala, Colombia and Tanzania. In addition. during FY 2024, exciting new projects received support from FEFP.. Akamasoa in Madagascar and a project in Sierra Leone in partnership with Plan International UK. On 25 February 2020 the Governance document Icharity Commission CIO rnodell that was approved by the Trustees, was submitted with the registration application lo the Charity Commission of England and Wales. The Charity Commission of England and Wales regStered 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 for FEFP Iwww.fefp.eo uk). FEFP was initiated by Em. Prof. Désiré Collen and is governed by a board of Trustees At regular trustees, meetings, the trustees agree the board strategy and areas of activity fttr FEFP. All trustees give their time freely and no trustee remuneration was paid in the year. Objectivgs and activitle$ FEFP is a CIO with a rnission lo support education of pre-adoleseenl youngsters in the fi'eld of family planning and health, with reference lo the societal and environment81 consequences of population growth and poverty. At present FEFP supports educational projects in Costa Rica. Colombia, Guatemala, Tanzania. Sierra Leone and Madagascar and since 2025 also in Benin and Ethiopia. Fundacion Tejedores de Suenos (Costa Rica> Fundacion Tejedores de Sueflos IFTS, M.fte1edoresdeSuenOS.orgI is a Cosla Rican foundation eonstiluted In 2010 with the aim lo 'promole education and well-being of Cosla Rican teenagers, through a program of scholarships for secondary school for promising youngsters of low-income families With the support of Foundation for Education lo Improve Family Planning IFEFPI, initially via Life Sciences Research Partners ILSRPI and under the guidance of Dr Urbain Boutelegier as the
Foundation For Education To Improve Family Planning Trustees, Annual Report Year Ended 31 December 2024 coordinator of the 'Heallhy Youth Program an extended strategy was developed, essentially along the following lines. Scholarship programme The scholarship programme is oriented towards.. Economic support." providing uniforms, school supplies and bus passes and in some cases, memberships for sports and cultural aclivilies, as a reward for good school results. Discipline. to remain in the programme, students musl provide a monthly progress report and perform 4 hours community work. Network building.. through the community work programme. the students learn that they can also contribute to society even if they have no economic resources, and al the same time they gel a chance lo build 8 network. lo facilitate work opportunities later. Sana Juventud / Healthy Youth Healthy Youth acknowledges that there are other factors than just a lack of money, that cause school dropout, and wants to create awareness around these factors through social media campaigns and projects. The main projects In Healthy Youth 8re'. Al Cole én Bici Through this programme 1000 bicycles were provided to 66 rural schools to youngsters who musl walk lon9 distances lo school and have no access lo public transportation. Juntas al Baehi The Foundation, in collaboration with Multiplied and the University of Costa Rica, provides a digital platform that train mothers lo obtain their secondary school degree Idislanl learning). Talleres Sana Juventud/ Workshops Healthy Youth While the rate of teenage pregnancies has decreased over the last years, it remains high in rural areas 180/vl. These pregnancies still often result In school dropout. With the support of the Faculty of Social Work of the Universidad Libre de Costa Rica IULICORII, and the company Bayer, workshops for Ipre-lteens throughout the country are organised. These workshops are focused on methods to prevent teena9e pregnancies and the identification of inappropriate relationships. Cocoa for Schools (Tanzania) The projects in Tanzania are a collaboration beeen the Foundation for Education to improve Family Planning IFEFPI and Cocoa for Schools ICfSI. Cfs Iwww.coc02forschools.bel is a nol-for-profil IVZW non-governmental 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. It is a social responsibility project focusing on community development and improvement of the infraslruclure 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 expertise acquired in this program 15 now applied lo the construction of dormitories for girls. In Tanzania, the support of FEFP includes the construction of dormitories for girls as well as the educational project Tuzungumze.
Foundation For Education To Improve Family Planning Truslees, Annual Report Yoar Ended 31 December 2024 Construction of don77itories Consliuclion of the buildings is done according to approved governmental regulations and plans. Each dormitory has standard dimensions of 35 x g m with an additional sanitary block of 10 x 9 m. Each building consists of a central hall and a corridor with 10 room5 on each side, thus 20 rooms are available for 4 girls each with central lighting. For each of the girls 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 lo 100+ m deep and a hybrid pump system lon solar energy and eleclricityi provides unfiltered water lo the showers and toilets and filtered {plus UV trealedl drinking water to the dormitories and lo outside laps. The total cost for a dormitory with furniture and water well system today amounts to approximately £95,073, of which £26,455 is for the water system. The locations of all the secondary schools can be found on Google Maps. At the end of the FY 2024, 12 dormitories were finalised or under conslruclion, in lolal over 1,000 beds are provided. Tuzungun7ze clubs Coro project Tuzungumze (meaning "Let's talk.) is a program for girls in the secondary schools, in cooperation with the social welfare office of the district and the gender desk of the police department. In total, 83 public secondary schools in 3 districts with some 27,000+ girls are now included. Very often, the girls are faced with a lol of challenges.. sexual abuse, forced Ileenagerl marriages, violence, elc. They cannot always defend themselves. The Tunzungumze program offers a safe and private environment to discuss these topics and lo look ft)r assistance if needed. The report of the meetings is presented to a trustworthy teacher, selected by the girls. This 'matron shares those reports with the social welfare and police desks for Immediate action where needed. Sewing machine project FEFP supported each school with a basic slo¢k of materials lo produce reusable menstruation pads. This activity is run as a small profit-making business unil and it will teach the girls, apart from the sewing techniques. the basics of cost price calculation, sales and marketing, inventory keeping and financial management At the end of FY 2024. 83 such mini companies were created. Sido project: Mbeya Girls, High School FEFP gave additional financial support lo this school in the Kyela district, providing advanced studies to the best performing gids in primary schools, recruited in a wider area around the Kyela district. The schools are 'girls only and focuses on "hard topics. like chemistry, physics, biology and mathematics. The new school is equipped with 12 classrooms, 8 dormitories for 80 girls each, laboratories for phy51CS, biology and chemistry, a canteen, and a kitchen and even a small health cenler. Another 8 classrooms are under Construcb'on together with 4 new dormitories. Currently some 250 girls are studying al this school. Mamas in Accion (Colombia) In 2024, beeen January and October, 55.926 teenage giAs became mothers in Colombia.
Foundation For Education To Improve Family Plannlng Trustees, Annual Report Year Ended 31 December 2024 The Juanfe Foundation, founded in 2001. is a non- profi't organisalion whose mission is lo break the cycles of poverty and vulnerability among teenage mothers. Currently operating in Cartagena, Medellin and Uraba, in ils 23 years of existence, the lives of more than 290,000 people have been transformed through the 360° transformation program. which gives teenage mothers the means lo build a better future for themselves and their communities. Through education. emotional support. and training, they are given the tools they need to become agents of change and leaders in their environment. 2024 Results Mama en Accion 360° transformation program runs over 2 years. 461 mothers have started the 360° program. These teenage mothers and their children are supported by our Comprehensive education and coaching program in Cartagena and Medellin. A lolal of 769 teenage mothers are being trained over the 2 years of the program. 267 teenage mothers found a decent and fomial job. A total of 7.080 people benefit from our support in Cartagena and Medellin, including mothers, children, family members of teenage mothers, and migrant Venezuelan women living in Colombia. Main Project Activities In order lo continue ils social objective of employing teenage mothers, ACTEC and Juanfe sets common largels each year for improving the existing programme. During the 2024 year, the major improvements are as follows.. 1. Strengthening th¢ Monitorlng, Evaluation and Learnlng system {MEL) The evaluation system was strengthened enhancing the ability to measure and improve impact. A key finding from this review of the economic inclusion eomponent highlighted the increasing NEET (Not in Education. Employment, or Training) rates in Colombia. with young women being the most vulnerable group. One of the major difficulties that the program can encounter is bringing young graduates into contact with the professional sector. FEFP financed the consultancy with Luis Felipe Cano, a recognized expert in NGO strategy and MEL specialist. This guidance is enabling Juanfe lo build a comprehensive MEL system that aims three objectives. identifying improvements for our model,. measuring efficiency of
Foundation For Education To Improve Family Planning Trustees, Annual Report Year Ended 31 December 2024 our operations., empowering Juanfe lo perfomi better and accurate communication towards public and private stakeholders. 2. Dlgital skills training Given the increase in employability in the digital sector. addilitsnal courses have been sel up to strengthen digital literacy enabling 57 beneficiaries to improve their skills in digital tools applied lo the world of work. 3. Employment Inclusion With ACTEC'S experts, the labor inclusion strategy has been revised lo ensure that young mother5 remain engaged in productive activities for up lo three years after graduation, closely monitoring NEET risks and implementing preventive actions when needed. To guarantee access lo employment, strategic alliances have been formed with companies lo facilitate entry into the formal labor market. Refining the relationship strategy with the productive sector and developing a model that aims lo position Juanfé as a valuable partner for companies and employers has ensured that 267 of the beneficiaries had access to formal employment or have undertaken productive projects. 2025 Objectives The conlinuily of the project in 2025 will fully implement the new MEL system, consolidate the progress made, scale the impact, and ensure that more young people in Juanfe have access to decent and sustainable job opportunities. St will also ensure that the employability model continues lo evolve with a dala-driven approach. strategic partnerships, and training in digital skills al its core. To reach out lo more teenage mothers, a new operation cenler was sel up in Uraba in January 2025. School for Hope (Guatemala) via "Education for the Children" (EFTC) 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 lo their core service5 now and over the coming few years that will enhance the overall quality and get the students back on track. The S¢hool management wanted lo bring back elements of their school day that they had to redu or remove allogelher. Both clubs and Importantly, entrepreneurship were cul. Art, dance, sport, cooking, woodwork, sewing and more. These hands-on. active, and expressive skills and interests are vitsl lo form well-rounded future citizens. Maths and literacy We also both areas of focus and concern in 2024 and will continue to be so in the coming years. Literacy rates in their youngest learners were drastically 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 lo tackle head on and their long-lerm goal is for our kindergartners lo go to 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 to understand and leach the subject and students suffer This knowledge gap only widened throughout the Covid-19 pandemic bul this
Foundation For Education To Improve Family Planning Truslees, Annual Report Year Ended 31 December 2024 year they are building on the improvements made in 2022. Better resources, MAP testing for key year group5 and lop teacher training would significantly improve the maths curriculum. Their education cumculum is vital bul they know their 360 approa¢h to wrap-around care is what makes us truly special and that is why they know that their social and healthcare programmes also need improving. The School has a desperate need lo Improve their Sexual Reproductive Health curriculum by expanding Ils reach lo their younger students and improving the frequency al which il is taught. Wilhoul a more slruclured and specialist approach lo it, they fear the recent trend overhanging from COVID of MO 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 primary school, train parents on the subject, and offer better birth control counselling and referrals lo their partner organisalion, WINGS School Ajpopoli (Guatemala) In 2023. FEFP decided lo support the Ajpopoli School in Guatemala and in 2024 the secondary school was extended with one additional year thanks lo the support of FEFP. Ajpopoli vzw is a non-profit organisation founded in 2007, based in Leuven, Belgium I.81popoli.c0Ml. Ajpopoli supports a private school 'Cenlro Educalivo Aipopoli 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 lo the youth. 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-parent family, with a low literacy rate. Thanks lo a good basic education, the Maya children develop ? solid base. which will enable them lo 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, th81 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 correct information on e.g . contraception. incest, and partner violence. By making these topics negotiable, we aim to 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 Educativo Ajpopoli, Ak'wala, offers education lo 300 pupils from third kindergarten up to third secondary grade. 500A of the pupils are girfs. Ajpopoli vzw entirely finances the 24 teachers and staff members 1700A women). Fundraising is mainly done through foster parenting, activities, and gifts. All donabons go entirely lo the School. Good basic education is an essential prerequisite for the prospects of the Maya children. Because of its limited means, the School was unable lo offer its students higher secondary studies. Until 2024, the students were obliged to go to schools outside the municipality, which entails higher study and transportation costs. Therefore. they often dropped 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 higher secondary studies will certainly benefit female pupils. Traditional Maya families still favour boys over girls, in case they must pay for the continued studies themselves. The "free. offering will facilitate the decision for these families lo allow their daughters lo continue higher studies.
Foundation For Education To Improve Family Planning Trustees, Annual Report Year Ended 31 December 2024 This higher study level will give the girls prospects lo a belter development, a higher degree of emancipation and finally more Conscious and controlled family planning. FEFP agreed to support the organisalion of these two additional study years and committed a total grant of £155,465 spread over three years Project "Sierra Leone" in partnership with Plan International UK In Sierra Leone, young people are growing up wilhoul access lo vital knowledge about their sexual and reproductive health and rights ISRHRI. Il's a problem that Is a holding baek their development and putting their health and wellbeing al risk. Girts face additional challenges in their ability lo exercise these rights. They are more at risk of hamful practices like FGM, child marriage or early pregnancy and can find that social norms and biases make il more difficult lo access health services. Our project has been working lo change this By improving access lo quality SRHR services for young people, thousands of girls and boys are gaining the knowledge they need to make infomied decisions about their health and bodies. The project is working across 32 communities in the districts of Moyamba and Port Loko to increase the availability of quality SRHR information and ServIS in schools, health centers and throughout the wider community. 1115 working lo achieve three key outcomes.. Comprehensive Sexuality Education ICSEI for children aged 10-19- The project aims to roll out quality, inclusive and accessible CSE for girls and boys in schools and communities. Improved SRHR services for adolescents- Slrenglhening community health services lo offer SRHR services for adolescents which don't exclude or judge them. Strengthening civil society organizations through regional collaboration Fostering regional learning across the six largel countries. enabling SRHR-focused local organizations lo share knowledge. This project is part of 8 wider programme being delivered across 6 countries in Wesl Africa - Benin. Burkina Faso, Guinea, Guinea-Bissau, Togo and Sierra Leone. Please read on lo find out what the project has achieved in Sierra Leone over the past year. In this project FEFP Is partnering with Plan International UK. Akamasoa (Madagascar) Madagascar has amongst the highest birth rates in the wortd13511,000, number FY 20211 According to the Madagascar Ministry of Health, 32Yo of girls beeome pregnant before adulthood (under the age of 181. These early and very often unwanted pregnancies contribute lo young women's exclusion from education and work and keep them in poverty. Akamasoa strongly believes in.. Supporting adoption and appropriation of the comprehensive sexuality education programs. Support all educational programs and training ships for young Imoslly female) students. Sustainable access lo services and health resources.
Foundation For Education To Improve Family Planning Trustees, Annual Report Year Ended 31 December 2024 Akamasoa has been helping the people of Ampilafa in the Vangaindrano district, Alsimo Anlsinanana region of Madagascar, for over 25 years. First, they built a free clinic and a maternity ward because many women in the bush were dying because of traditional childbirth. After that, they also built primary and junior schools, and more recently a high school. The medical buildings are now loo small lo accommodate current needs and have also fallen into disrepair due to the cyclone, wind, and sea air. Akamasoa wants to build a new maternity ward in line with European stsndards so that women in the bush can have access to the same childbirth infraslruclure as women in the eily. Akamasoa will start a new program to send young, primarily female, students from paramedical sectors to Ampilafa lo carry out internships as part of their studies and further training in the medical field after leaving the University of Akamasoa Akamasoa also wants lo buy medical equipment, such as birthing beds, a portable ultrasound machine for pregnant women, incubators for babies, a Poupinel steriliser. a pregnancy calculator. etc. This additional medical equipment is currently lacking or obsolete. bul very important lo meet the training needs of these young interns so that they can learn with tools adapted lo eurrenl standards. Akamasoa wants to build accommodation with showers, kitchen. and bedrooms for the young girls who will carry out internships during their studies and refresher training in the medical field after leaving the University of Akamasoa, so that they may have the right conditions to become professionals. Akamasoa also intends lo provide a subsidy for each sludenl during their internship or training period lo encourage them lo work away from the city and help poor mothers in the bush. As part of the extension of a maternity ward and the training centre with dormitories facilities for young girts located in the Ampilafa district of Vangaindrano, the foundation plan to.. Extend the maternity ward Build accommodation with showers, kitchen, bedrooms. Purchase medical equipment. Provide housing and a subsidy for each young person (primarily girls) during their internship or training period. The overall requested project budget amounts lo £178,257 spread over FY 2024 and FY 2025. The trustees confim) 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. Financial review The major asset of FEFP is a 29.7560/0 shareholding in Fund+ NVISA, a for profil investment firm, investing in wmpanies active in the sector of Life Sciences and some cash at hand. A dividend of £4,468,528 was received from Fund+ NVISA during the year. The working expenses of FEFP will be financed by the dividend that Fund+ NVISA will distribute lo ils shareholders and from its own cash resources. A conservative estimate is that FEFP will receive lannualised and normalisedl nel revenue of approximately 1.5m Euro per year Irelurn from the investment portfolios and future expected dividend from Ils shareholding in Fund+ NVISAI. Thi$ amount is an indicative amount of the yeady available resources for grants. 10
Foundation For Education To Improve Family Planning Trustees. Annual Report Year Ended 31 December 2024 FEFP had cash funds in ils bank accounts of £1,919,992 and investment portfolios with ABN AMRO Bank NV in Belgium and J.M. Finn & Co Ltd in the UK valued at £13,712,795 and £4,611,372 respectively at 31 December 2024. For further financial information, we refer lo the attached financial slalemenls. Going Concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Plans for future periods FEFP will continue ils approach of funding educational projects that serves Its objectives. The grants will be funded from future investment Income received and from current bank balances. Trustees. responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Genemlly Accepted Accounting Praclicel. The law applicable lo charities In England & Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the Incoming resources and application of resources of the charity for that period. In preparing these financial ststements, the Iruslees are required to.. select suitable accounting policies and then apply them eonsislently", observe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and eslimales that are reasonable and prudent, stale whether applicable accounting standards have been followed.. prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial 51alemenls Comply with the Charities Act 2011. the Charities (Accounts and Reports) Regulations 2008 and the provisions of the constilulion. They are also responsible for safeguarding the assets of the charity and hence for tskin9 reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees are responsible for the maintenance and integrity of the charity and financial information included on the charity'5 website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions Disclosure of Inforynatlon to the auditor Each trustee has taken steps that they ought lo have tsken as a trustee in order to make themselves aware of any relevant audit information and lo establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant infomation that they know of and of which they know the auditor is unaware. Approved by the trustees on 4 July 2025 and signed on their behalf by.. ColleryTw*
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 2024 Oplnlon We have audited the financial statements of Foundation For Education To Improve Family Planning (the 'charity'l for the year ended 31 December 2024 which eomprise the Slalement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes lo the financial stalemenls, including significant accounting policies. The financial rePOrtng 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 Kingdom Generally Accepted Accounting Practi} In OLtr opinion the financial statements." give a true and fair view of the slate of the charity's affairs as at 31 December 2024, and of Ils incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}l and applicab5e law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls 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. Concluslons relatlng to golng concern In auditing the financial slatemenls, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements 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 doubl on the charity's ability lo continue as a going concern for a period of at least tsvelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the trustees, annual report, other than the fi'nancial statements and our auditor's report Ihereon. 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 lo the extent otherwise explicitly stated In our report, we do not express any fom of assurance conclusion Ihereon. Our responsibility is lo read the other infomiation and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit or otherwise appears lo be materially mis5taled. If we identify such material Inconsistencies or apparent material misstatement5, we are required lo determine whether this gives rise to a rnaterial misstalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 12
Foundation For Education To Improve Family Planning Independent Auditor's Report to the Trustees of Foundation For Educatlon To Improve Family Planning Year Ended 31 December 2024 Matters on which we are required to report by exception We have nothing lo report in respect ol the following matter5 in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us lo report to you if, in our opinion.. the information given in the financial stslemenls Is inconsistent in any material respect with the trustees. report., or the charity has not kept adequate accounting re¢ords', 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. Responsibilities 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 statements that are free from material misstatement. whether due lo fraud or error. In preparing the financial statements, the trustees afe resF)onsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Iruslees either Intend to liquidate the charity or to cease operations, or have no realistic alternative bul to do so. Audltorfs responsibilities for the 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 thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an auditor's report that Includes our opinion. Reasonable assuran is a high level of assurance, bul Is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users tsken on the basis of these financial slatemenls. Irregularities, IncSuding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misstatements in respeel of irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below. Capabllity of the audit in detectlng irregularlties, includlng fTaud Based on our understanding of the charity and the sector that it operates in, we identified the principal risks of non-compli8nce with relevant laws and regulations, and we considered the extent to which non- compliance might have a material effect on the financial stalemenls. We also considered those laws and regulations that have a direct impact on the preparation of the financial ststements 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 controls). and determined that the principal risks were related lo 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 th8 Trustees of Foundation For Education To Improve Family Planning Year Ended 31 December 2024 discussions with the trustees, including consideration of known or suspected Instances of non- compliance with18ws and regulations and fraud. obtaining and reviewing supporting documentation relating to financial transactions carried out by the charity in the year. challenging eslimales and judgements made by the trustees in their significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. orroboraling our enquiries of trustees through our review of board minutes and inspection of the charity's regulatory and legal correspondence. Because of the Inherent limitations of an audit, there is a risk that we will not detect all irregularities. including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regula110n is removed from the events and transactions reflected in the financial stalemenls, as we will be less likely lo become aware of Instances of non- Compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error. as fraud involves intentional Concealment, forgery. collusion. omission or misrepresentation. As part of an audit in accordance with ISAS IUKI, we exercise professional judgement and maintain professional sceplicism throughout the audit. We also". Identify and assess the risks of material misstatement of the financial slatemenls, whether due lo fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropfiate lo provide a basis for our opinion. The risk of not detecting a material misstalemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, bul not for the purpose of expressing an opinitsn on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of a¢¢ounling estimates and related disclosures made by the Iruslees. Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit eviden obtained, whether a material uncertainly exists related lo events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we onclude that a material uncertainty exists. we are required to draw attention in our auditorfs report lo the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify OUT opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However, future events or conditions may cause the charity to cease lo conb'nue as a going concern Evaluate the overall presentslion, slruelure and content of the financial slatemenls, including the disclosures, and whether the financial stslemenls represent the underlying transaction5 and events in a manner that achieves fair presentation lie. gives a true and fair view). We communicate with those charged with governance regarding, among other matters, the planned scope and lirning 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 Auditorfs Report to the Trustees of Foundatlon For Education To Improve Family Planning Yèar Ended 31 December 2024 Use of our report This report is made solely lo the charity's Iruslees. as a body, in accordance with Part 4 of the Charitie5 (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report, or for the opinions we have formed. Redford & Co Limited Statutory Auditor Chartered Accountsnls 151 Floor 64 Baker Street London W1U 7GB 4 July 2025 Redford & Co Limited is eligible to 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 2024 Yle 31112124 Yle 31112124 Yle 31112123 Unrestricted lunds Tolal lund$ Total lunds Noig Income and endowments from: Donations and legacies 25,000 25,000 385.000 Investment ineome 4,616,559 4,616,559 87,621 Total income and endowments 4,641,559 4,647,559 472,621 Expenditure on: Charitable activities 1708,7141 1708,7141 1710,1091 Investment manager fees 198,3921 198,3921 178,0261 Other 1220,1471 1220,1471 1271,6021 Total expenditure 11.027,2531 11,027,253) 11,059,737) Net gains I Ilossesl on Investments 15,305,858) 15,305.8581 3,875,281 Net income l {expenditure) and movement in funds 13 11,691,552> 11,691.5521 3,288,165 Reconeiliation of funds: Total funds brought fomard 51,714,528 51,714.528 48,426,363 Total funds carried fopAYard 13 50,022,976 50,022,976 51,714,528 All incorne and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. 16
Foundation For Education To Improve Family Planning Balance Sheet Year Ended 31 December 2024 31 December 2024 31 December 2023 Note Fixed assets Investments 11 48,157,655 48,722,475 48,157.655 48,722,475 Current assets Cash al bank and in hand 1,919,992 3,035,569 1,919.992 3,035,569 Creditors: amounts falling due within one year 12 154,6711 143,5161 Net current assets 1,865,321 2,992,053 Total assets less current liabilltles 50,022,976 51,714,528 Net assets 50,022,976 51,714.528 Charity Funds Unrestricted funds 13 50.022,976 51,714.528 Total charity fund8 50,022,976 51.714,528 The financial statements were approved and authorised for issue by the Board on 4 July 2025. Signed on behalf of the board of trustees Dr Desi en, Trustee The notes on pages 19 to 31 fomi part of these financial ststemenls. 17
Foundation For Education To Improve Family Planning Statement of Cash Flows Year Ended 31 December 2024 Yle 31112124 Yle 31112123 Note Cash flow from operating activities 15 (1,016,0981 1676,4571 Net cash flow from operating activltles 17,016,098) 1676,4571 Ca$h flow from investing activities Nel payments lo acquire investments Interest received Dividends received 14,741,038) 45,547 4,596,012 {280,6121 40,303 47,318 Net eash flow from investing activities (99,4791 1192,9911 Net Increasè I Idecrnase) in cash and cash equivalents 11,115,577) {869,4481 Cash and cash equivalents at 1 January 2024 Cash and ¢ash equivalents at 31 December 2024 3.035,569 3,905,017 1.919,992 3,035.569 Cash and cash equivalents consist of: Cash at bank and in hand 1,919,992 3,035,569 Cash and cash equivalents at 31 December 2024 15A 1,919.992 3,035,569 18
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 Sumrnary of significant accounting policies lal General information and ba$is of preparatlon Foundation For Education To Improve Family Planning is a CIO incorporated in England. The address of the registered office is given in the charity infomiation on page 2 of these financial slatemenls. The nature of the charity s operations and principal aetivilies are lo 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 The financial statements have been prepared in accordance with Accounting and Reporting by Charities. Slalemenl of Recommended Practice applicable lo 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 constitutes a public benefit enlily as defined by FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. The financial statements are prepared on a going concern basis under the historical cost conventio modified lo include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accountin9 policies applied in the preparation of these financial sl8lements are set out below. These policies have been consistently applied to all periods presented unless otherwise staled. Ibl Funds Unreslricled funds are available for use at the discretion of the Iruslees in furthefance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the trustees for particular purposes. The aim and use of each designated fund is sel out In the notes to the financial slatemenls. Restricted funds are funds which are lo be used in accordance with specific restricton5 Imposed by donors or which 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 reslricled fund is sel out in the notes to the financial slalements. Ic) Income recognitlon All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity Is legally enlilled lo the income after any performance conditions have been mel, the amount can be measured feliably and il is probable that the income will be received. For donations lo be re¢ognised the charity will have been notified of the amounts and the settlement dale in writing. If there are conditions attached to the donation and this requires a level of perfomian before enlillemenl can be obtained then income is deferred until those conditions are fully met or the fulfilmenl of those conditions is within the control of the charity and il is probable that they will be 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 th8 Financial Slatements Year Ended 31 December 2024 (cl Income recognition l¢ontinu¢d) Fixed asset gifts in kind are recognised when receivable and are included al fair value. They are not deferred over the life of the asset. Idl Expendlture recognitlon All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or conslruclive obligation lo make payments to third parties, Il 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 lo third parties are within the charitable objeetives. 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 grants. Where grants are conditional relating lo performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. lel Support Costs allocation Support costs are those that assist the work of the charity bul do not directly represent charitable activities and Include office costs, governance costs, adminislralive payroll costs They are incurred directly in support of expenditure on the obieclives of the charity and include project management carried out al Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consislenl with use of the resources. {f) Investments Fixed asset investments are initially recognised at their transaction value and subsequently measured al their fair value at the balance sheet dale if they are publicly traded or their fair value can otherwise be measured reliably. Realised gains and losses on investments are calculated as the difference beeen sales proceeds and their fair value at the start of the year. or their subsequent cost, and are charged or ¢rediled 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 to the SOFA based on the fair value al the year end. Igl DebtoryJ and creditors receivable I payable within one year Debtors and creditors with no ststed interest rale and receivable or payable within one year are recorded al transaction price. Any losses arising from impairment are recognised in expenditure. (h} Impalrment Assets not measured at fair value are reviewed for any indication that the asset may be impaired al each balance sheet dale. If such indication exists, the recoverable amount of the asset, or the assefs cash generating unil, is eslimaled and compared lo the carrying amount. Where the carrying amount exeeeds ils recoverable amount, an impaimienl loss is recognised in profil 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 2024 lil Provislon$ Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in selllement and the amount can be liably eslimaled. til Foreign currency Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rale beeen the functional currency and the foreign currency at the dale of the transaction. Monetary assets and liabilitie5 denominated in a foreign currency at the balance sheet dale are translated using the closing rate. Ikl Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable incorporated organisation for UK corporation tsx purposes. Accordingly. the charity is exempl from laxalion in respeel of income or capital gains lo the extent that such income or gains are applied exclusively lo charitable purposes. {1) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial stslements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able lo continue as a going concern. Income from donations and legaeles Yle 31112124 Yle 31112123 Gifts and grants 25,000 385,000 25,000 385,000 Income from donations and legacies was £25,000 lyle 31112123 £385,000), all of which was attributable to unrestricted funds. 21
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 310ecember 2024 Investment Incorne Yle 31112124 Yle 31112123 Dividend income Interest received 4,571,012 45,547 47,318 40,303 4,616,559 87,621 Analysls of expendlture on charitable activitles Charitable activities- Yle 3111212024 Grant funding of activities Support costs- management fees Total Cocoa for Schools - Tanzania 209,594 209,594 Fundacion Tejedores de Suenos - Cosla Rica 42,697 49,020 91,717 School for Hope- Guatemala 20,000 20,000 A¢tec Vrn Juanfe- Colombia 102,503 102,503 School Ajpopoli- Guatemala 57.743 57,743 Plan International- Sierra Leone 126,366 126,366 Akamasoa - Madagascar 100,791 100,791 659.694 49,020 708.714 22
Foundation For Education To Improve Family Planning Notes to the Financlal Statements Year Ended 31 December 2024 Analysis of expenditure on Charitable actlvities Icontinued) Charitable a¢tivilies - Yle 3111212023 Grant funding of activities Support costs- management fees Total Cocoa for Schools - Tanzania 452,919 4S2,919 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 All of the above costs were attributable to unreslricled funds. Governance costs Yle 31112124 Yle 31112123 Auditor's remuneration Trustees expenses Legal, professional and eonsu112ncy fees 28.800 2,141 132,057 24,000 1,752 133,312 162,998 159,064 23
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 Analysis of grants Grant anal sis- Yle 3111212024 Grants lo inslilulions Total Cocoa for Schools - Tanzania 209,594 209,594 Fundacion Tejedores de Suenos - Cosla Riea 42,697 42,697 School for Hope- Guatemala 20,000 20,000 Actec VZW Juanfe- Colombia 102,503 102,503 School Ajpopoli- Guatemala 57,743 57,743 Plan International- Sierra Leone 126.366 126,366 Akamasoa- Madagascar 100,791 100,791 659.694 659,694 Grant anal sis- Yle 3111212023 Grants lo institutions 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 Aclec VZW Juanfe- Colombia 79,218 79,218 School Ajpopoli - Gualem818 50,465 50,465 664,238 664,238 24
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 Net Income I Itxpenditurel for the year Net in¢ome is ststed after charging I Icreditingl.. Yle 31112124 Yle 31112123 Ilncreasel I decrease in value of investment in Fund+ NVISA 5,451.847 13,726, 1891 Net Igain$l I losses on foreign exchange 50,634 73,987 (Profill I loss on fair value movement and sale of listed investments {145,9891 1149.0921 Auditor's remuneration The auditor's remuneration amounts to a fee of £28,800 lyle 31112123 - £24.000}. Non-audit fees of £10.797 are shown as part of legal, professional and consultancy fees. Trustees. and key management personngl remuneratlon and expenses The trustees neither received nor waived any remuneration during the year. No trustees are accruing pension arrangements. Board meeting, Iravelling and accommodation expenses of £2,141 lyle 31112123 - £1,752) were incurred during the year. Consultancy fees of £121,260 12023 - £120,000) were paid to Sofia BVBA in accordance with a management services agreement entered into with that eompany. Chris Buyse, the chief executive officer of the chanty, is a director of Sofia BVBA. 10 Staff costs and employee bgneflts 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. 25
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 11 Fixed asset investmgnts Listed investments Other investments Total Cost or valuation Al 1 January 2024 Net additions Revaluation 13,437, 140 4.741.038 145,989 35,285,335 48,722,475 4,741.038 15,305,858) 15.451,8471 At 31 December 2024 18,324,167 29,833,488 48, 157,655 Carrying amount". At 31 December 2024 18,324,167 29,833,488 48,157,655 Carrying amount". Al 31 December 2023 13,437. 140 35,285,335 48,722,475 The listed investments represent investment holdings in funds and securities managed by ABN AMRO Bank NV in Belgium and by J.M. Finn & Co Ltd in the UK. The fair value of listed investments is determined by reference lo the quoted price of the funds and securities in an active market at the balance sheet date. Other investments represent the value of the charily's 29.756Q/o holding in the ordinary share capitsl of Fund+ NVISA. Ils registered office address is 60 Groot Begijnhof, 3000 Leuven, Belgium. At 31 December 2024, the aggregate capital and reserves of Fund+ NVISA amounted lo £100.260,413. 12 Credltors.. amounts falling due within one year 3111212024 3111212023 Accruals and deferred income 26
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 13 Fund reconciliation Vnreslricted funds at 3111212024 Balance at 01101124 Income Expenditure Transfers Gains I Ilossesl Balance al 31112124 Unrestricted - 49,837,393 general 4,641,559 1316,9251 1841,5541 15.356,4921 47,963,981 Desi nated Fundacion Tejedores de Suenos Costa Rica 316,359 142,6971 146,406} 227,256 Aelec VZW Juanfe- Colombia 312,121 1102,5031 111,2051 198,413 Cocoa for Schools- Tanzania 451,654 1209,5941 90,638 332,698 School for Hope- Guatemala 432,079 120,0001 118,344 530,423 School Ajpopoli- Guatemala 112,190 157,7431 13,3561 51,091 Plan Inl. UK Sierra Leone 252,732 {126,3861 225,000 351,366 Akamasoa - Madagascar 1100,791) 179,842 79,051 Hubi & Vinciane Foundation Benin 208,333 208,333 Rainbow For Children Ethiopia 80,364 80.364 51,714,528 4,641.559 1976,6191 0 15,356,492) 50.022,976 27
Foundation For Education To Improve Family Planning Notes to the Financial Ststements Year Ended 31 December 2024 13 Fund rgconciliatlon Icontinued) Unrestricted funds al 3111212023 Balance al 01101123 In¢ome Expenditure Transfers Gains I (losses} Balance at 31112123 Unrestricted 47,636,959 general 472,621 1275,6411 11,797,840} 3,801,294 49,837,393 Desi naled Fundacion Tejedores de Suenos Cosla Rica 390,326 167,5071 16,4601 316,359 Actec VZW Juanfe - Colombia 399,078 {79,2181 {7,7391 312,121 Cocoa for Schools- Tanzania 1452.9191 904,573 451,654 School for Hope- Guatemala (60,0001 492.079 432,079 School Ajpopoli- Guatemala 150,465} 162,655 112,190 Plan Inl. UK Sierra Leone 252.732 252.732 48,426,363 472,621 1985,750} 3,801,294 51,714,528 28
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 14 Analysis of net assets between funds At 3111212024 Unreslrieted funds Designated funds Totsl Fixed assets Cash Current liabilities 48,157,655 1139,0031 154,6711 48,157,655 1.919,992 154,6711 2,058.995 Total 47,963,981 2.058,995 50,022,976 AI 3111212023 Unrestricted funds Designated funds Total Fixed assets Cash Current Iiabililies 48,722,475 1,158.434 143,5161 48,722,475 3.035,569 143,5161 1,877,135 Total 49,837,393 1,877,135 51,714,528 15 Roconclliation of net Income I lexpenditurel to net cash flow from operating activitigs Yle 31112124 Yle 31112123 Net income I lexpenditurel for the year 11,691,552) 3,288,165 Dividends received Interest receivable IGainsl I losses on investments Increase I (decrease} in creditors 14,596,012} 145.5471 5,305,858 11,155 147,3181 140,3031 13,875,2811 11,7201 Nel cash fiow from operating activities 11,016,098) 1676.4571 29
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 15A Analysls of changes in cash and cash equlvalents 01101124 Cash flows Foreign exchange movements 31112124 Cash and cash equivalents 3,035,569 11,064.9431 {50,6341 1,919,992 16 Related party transactions The charity has a 29.7560/0 shareholding in Fund+ NVISA and a dividend of £4,468.528 12023 - £01 was received from Fund+ NVISA during the year. The shareholding In Fund+ NVISA was valued al £29.833,488 al 31 December 2024. Chris Buyse, the chief executive officer of the charity, is a director of Fund+ NVISA. During the year under review, Désiré Collen, a trustee, made personal donations of £25.000 12023 £385,000) lo the charity 17 Financlal instrumgnts The carrying amounts of the charity's financial instruments a as follows.. 31112124 31112123 Financi81 assets Measured al fair value through income.. Fixed assets - listed investments Inole 111 Cash at bank 18,324,167 1,919,992 13,437,140 3,035,569 20,244,159 16,472.709 Other assets measijred al cost I valuation less impairmenl.. Fixed assets - other investments (note 11} 29,833,488 35,285,335 50,077,647 51,758,044 Finarpcial liabilities Measured al amortised cost Creditors (note 121 54,671 43,516 54,671 43.516 30
Foundation For Education To Improve Family Planning Notes to the Financial Statements Year Ended 31 December 2024 17 Financial instruments Icontlnuedl The income, expenses, nel gains and net losses attributable the charity's financial Instruments are summarised as follows.. Yle 31112124 Yle 31112123 Income and expense Financial assets measured at fair value through net income 15,356,492 3,801,294 18 Grant Commitments The trustees had committed to make grant payments to various projects tolalling £2,058,995 at 31 December 2024. These grant payments will be spread over a number of years They have not been accrued and will be funded by future investment income and existing bank balances. 31