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 Refe￿nce 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 reg￿Stered 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 be￿een 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, be￿een 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 ServI￿S 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 rePOrt￿ng 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 restrict￿on5 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 be￿een 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 be￿een 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