OpenCharities

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

2023-12-31-accounts

IPPF in 2023

Annual Report and Financial Statements

Who We Are

The International Planned Parenthood Federation (IPPF) is a global service provider and a leading advocate of sexual and reproductive health and rights for all.

119+ Member Associations

We are a worldwide movement of national organizations working with and for communities and individuals. We are made up of over 119 Member Associations and 31 Collaborative Partners and work across 151 countries.

Our work is wide-ranging, including comprehensive sexuality education, provision of contraceptives, safe abortion, maternal care and responding to

31 Collaborative Partners

humanitarian crises. We pride ourselves on being local through our members and global through our network. At the heart of our mission is the provision of – and advocacy in support of – integrated healthcare to anyone who needs it regardless of race, gender, sex, income and, crucially, no matter how remote.

151 Countries

Contents

Foreword from the

Director General .............................................................. 04

.............................................................. 05 Trustees’ Report Trustees’ Report Introduction ........................................... 05 Strategic Delivery of IPPF’s Mission .............................. 06 Grant Making ....................................................................................... 08 Unrestricted Core Funding .............................................. 09 Restricted Funding .................................................................... 10 Resource Mobilization ................................................................. 12 Transforming the Secretariat ............................................. 13 Our Impact in 2023 .......................................................................... 14 Our Activities ......................................................................................... 16 Centre Care on People ......................................................... 18 Pathway 1: Expand Choice ................................................... 19 Pathway 2: Widen Access .................................................... 20 Pathway 3: Advance Digital & Self-Care ................. 22 Move the Sexuality Agenda ........................................... 23 Pathway 1: Ground Advocacy ........................................ 24 Pathway 2: Shift Norms ........................................................ 28 Pathway 3: Act with Youth ................................................ 30 Solidarity for Change ............................................................ 31 Pathway 1: Support Social Movements ................... 32 Pathway 2: Build Strategic Partnerships ............... 34 Pathway 3: Innovate & Share Knowledge ............ 35 Nurture our Federation ....................................................... 36 Pathway 1: Chart our Identity ........................................... 37 Pathway 2: Grow our Federation .................................. 39 Pathway 3: Walk the Talk .................................................... 42 Our Plans for 2024 .......................................................................... 45

Financial Review ............................................................ 46 Statement of Reserves .............................................................. 47 Statement on Investments ................................................... 47 Financial Summary ...................................................................... 47 Going Concern ................................................................................... 49 Structure, Governance and Management ........................................................................... 50 Adopted Governance Model ................................................ 51 Statement of the Members of the Board of Trustees Responsibilities .................... 55 Independent Auditor’s Report .............................................................. 56 Consolidated Statement of Financial Activities ............................................ 59 Balance Sheet .................................................................... 60 Consolidated Cash Flow Statement .................................................................. 61 Notes to the Financial Statements ............................................ 62 Members of the Board of Trustees and Committees .................... 86 Contact Names and Addresses ............ 87

02 | Who We Are

Contents | 03

Foreword

from the Director General

The year 2023 was challenging in so many ways! It was the year of human rights suppression and wartime atrocities live-streamed onto billions of smartphones in real time. Selective government outrage and transactional diplomacy. Right-wing populists with loose lips who care little about the impact of their words on the human rights of ordinary citizens. And an increasingly dysfunctional, ungovernable United Nations, leading to fragmentation, an “each country for itself” attitude and issue-specific alliances.

we delivered person-centred care and we agitated for sexual and reproductive health and rights (SRHR) and justice for women, girls and marginalized populations. We reached even more people requiring potentially lifesaving SRHR services in humanitarian crises. We built exciting partnerships. We mobilized voters and they turned up at polls, in Poland, in Spain and elsewhere to vote for their sexual and reproductive rights. We worked to define our values and shape a new brand. And the Secretariat underwent a much-needed transformation to better align with the strategy.

Renewed hostilities between Israel and Hamas, war crimes in Gaza and Sudan and ongoing conflicts in Ukraine, Myanmar, Ethiopia, and the Sahel caused tremendous suffering.

Once again, IPPF has proven itself delivering sexual and reproductive health services to those excluded and marginalized in many societies, and those experiencing humanitarian crises. It has also demonstrated its resilience and passion; I am in awe of the expertise and courage of our frontline healthcare workers and activists.

Governments struggled to deal with what is likely to be confirmed as the hottest year on record and the onslaught of wildfires, drought, cyclones and storms wreaked havoc on millions of people in Bangladesh, Libya, Australia and Canada.

And if climate, security and human rights are faring poorly, the economy did not do much better. As the world nears the midpoint of what was intended to be a transformative decade for development, all we have to show is the slowest half-decade of GDP growth in 30 years. All with growing inequality: The richest 1% grabbed nearly two-thirds of all new wealth created since 2020, almost twice as much money as the bottom 99% of the world’s population.

A year of transition from one strategy to the next is always tight. Many (core and restricted) contracts come to an end and new ones get delayed, particularly in the current economic and political environment. Huge thanks to the many close allies for steadfast support to IPPF. We ended the year with a strong financial position. Thank you for believing in the journey we are on, shaping the future of sexual and reproductive healthcare and progressing the most intimate of rights. We are coming together!

Across regions, autocrats have worked to erode the independence of key institutions vital for protecting human rights and shrink the space for expressions of dissent with the same end game in mind: to exercise power without constraint. The rights of women and girls and LGBTQI+ communities faced harsh backlashes in many places, exemplified by the Taliban’s gender persecution in Afghanistan and the approval of a Ugandan Anti-Homosexuality Act with the death penalty for “aggravated homosexuality”. Gender violence persists in the home and by the hands of the state, unabated and unchecked.

Alvaro Bermejo Director General

Against that backdrop, the International Planned Parenthood Federation (IPPF) implemented the first year of its new six-year strategic period. We did not rest. As you will read in this report,

----- Start of picture text -----
IPPF Humanitarian/Syria Earthquake
----- End of picture text -----

Trustees’ Report

Introduction

The Board of Trustees presents its annual report and the audited consolidated financial statements for the year ended 31 December 2023 under the Charities Act 2011.

accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (“Charities SORP (FRS 102)”) and applicable UK law. The financial statements include the charity, comprising the London Office and four regions (South Asia, East and South East Asia, Americas and Caribbean, and Arab World), and the group which additionally includes the Africa and Europe regions and IPPF World Wide Inc.

The International Planned Parenthood Federation (IPPF) is a global service provider and a leading advocate of sexual and reproductive health and rights (SRHR) for all. IPPF is a worldwide Federation of national organizations working with and for communities and individuals, focusing support on those who are poor, marginalized, and excluded.

In addition to this annual report, IPPF publishes an Annual Performance Report which outlines in detail the major activities of IPPF and their alignment to the strategic goals of the organization. Copies of this report will be available on www.ippf.org in June 2024.

IPPF currently has over 119 Member Associations (MAs) and 31 Collaborative Partners. These are all autonomous and report independently; their financial statements are therefore not presented here.

IPPF is registered with the Charity Commission for England and Wales. IPPF’s charity registration number, principal office address and names and addresses of its banker, solicitor and auditor are given on page 87. The names of its trustees and senior management personnel are provided on pages 86 and 87, respectively.

The financial statements contained herein have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including the “Statement of Recommended Practice applicable to charities preparing their accounts in

04 | Foreword

Trustees’ Report | 05

Strategic Delivery of IPPF’s Mission

Introducing Come Together: IPPF Strategy 2028

Move the Sexuality Agenda

Centre Care on People

GOAL:

Quality person-centred care to more people, in more places.

GOAL:

Societal and legislative change for universal sexual and reproductive rights.

Expand Choice

Ground Advocacy

Widen Access

Reach marginalized communities

Shift Norms

Deliver youth-centred care Grow crisis settings preparedness and care

Prevent sexual and gender-based violence

Advance Digital & Self-Care

Invest in digital health interventions Dignity in self-care

Act with Youth

IPPF Strategy 2028 confronts and positively reimagines sexual and reproductive health and rights (SRHR) for all.

Come Together highlights IPPF’s mission to come together for SRHR – by providing care and promoting human rights. It underlines how our Federation responds, at scale and with purpose, to the rapidly changing world we’re living in – through the care we deliver, the actions we take, and the solidarity we foster.

The new strategy is ambitious and seeks to grow the Federation’s impact and influence. It affirms the universality of human rights and embraces the feminist core of SRHR. It is committed to modernising care and advocacy by embracing youth leadership and using new technologies and digital platforms.

Solidarity for Change

GOAL:

Amplify impact by building bridges, shaping discourse, and connecting communities, movements, and sectors.

Support Social Movements

Build Strategic Partnerships

Innovate and Share Knowledge

Come Together is supported by four key pillars, each containing three pathways (the actions we need to prioritize to achieve our goals). The first three pillars face outwards, focusing on reaching those excluded and marginalized with quality and people-centred care, realizing societal and legislative change, and strengthening feminist action and international solidarity. The last pillar looks inwards at the Federation by addressing shortcomings and adding new impetus for real and lasting impact.

Come Together builds on IPPF’s previous strategy, but it is also a departure from it. The biggest change is the commitment by Member Associations and the Secretariat to focus resources on reaching people who are being excluded and marginalized with quality and people-centred care. Come Together further commits IPPF to shaping laws, policies and norms through feminist action and international solidarity.

Nurture our Federation

GOAL:

Replenish and nurture the federation from a common value base and unleash our collective power for greater impact.

Chart our Identity

Grow our Federation

Find new members Modernise systems and grow skills Mobilize resources and diversity income

Walk the Talk

Challenge discrimination Embrace gender and sexual diversity

06 | Strategic Delivery of IPPF’s Mission

Strategic Delivery of IPPF’s Mission | 07

Grant Making to Member Associations and Partners

IPPF delivers on its strategies by making grants to Member Associations (MAs) and partners to carry out their work and to deliver services. Unrestricted funds support MAs and Collaborative Partners (CPs) to carry out core activities. Restricted funds support MAs, CPs and project partners to carry out specific projects or activities. MAs also raise their own funds, with the IPPF Secretariat channelling 23% to the total funds raised by grant-receiving MAs and CPs.

----- Start of picture text -----
IPPF Humanitarian/Kenya Drought
----- End of picture text -----

Unrestricted Core Funding

Unrestricted funds under Stream 2 – the Strategic Fund – are divided into five separate funding channels. The largest among them is the Strategic Fund which is set up to support strategic initiatives that require additional investment and collaborative engagement between MAs across multiple regions to deliver one of IPPF’s global outcomes. Strategic initiatives funded under this channel are reviewed and recommended by the Policy, Strategy and Investment Committee, which is a subcommittee of the Board of Trustees. Each channel has time-limited funds, and separate requirements and deadlines.

The resource allocation model, introduced in 2022, was developed after extensive consultation across the Federation and research into best practices of other peer organizations. It is a needs-based allocation and prioritizes transparency and performance.

There are three streams of funding within the allocation model. Stream 1 is the largest, and accounts for all core funds to the MAs and the Secretariat. At least 80% of total funds go into Stream 1, which is only open to MAs and the Secretariat. Stream 2 is for strategic MAled projects and activities; no more than 15% of unrestricted resources are allocated to this stream. Stream 3 accounts for up to 5% of unrestricted resources and is for SRHR in humanitarian crisis situations; IPPF MAs and CPs can apply for grants under this stream.

Unrestricted funds under Stream 3 – the Humanitarian SRHR Fund – are available yearround. MAs and CPs experiencing protracted humanitarian crises, or experiencing an acute humanitarian crisis, may apply for these funds. Technical support on preparedness, programme design, proposal writing, services delivery, security management, and supply chain management are offered to MAs, in addition to these funds.

Unrestricted core funds under Stream 1 are

awarded on a three-year cycle to MAs and some CPs, which are on the path to becoming full MAs. Since 2022, the Secretariat and grant-receiving MAs and CPs have prepared and presented a concise three-year business plan outlining the totality of their operations and all funding streams. This business plan is updated annually. This unified planning and budgeting process provides cohesion and alignment across the Federation. Funding is disbursed in three equal instalments throughout the year, based on satisfactory submission of half-yearly and annual reports, audited financial statements and management letters.

Commencing 2023, the process for signing unrestricted funding agreements has been automated. This starts from the review of MA grant amounts submitted via business plans, all the way through to raising purchase orders and managing amendments post-signing. The automated process gives improved oversight and controls for the MA development and support teams in all our offices and will bring significant operational efficiencies.

08 | Grant MakingNurture our Federation

IPPF Member Associates and partners

Grant Making | 09

Restricted Funding

Restricted grants are made for a diverse range of purposes and project activities. The restriction and specific procedures in relation to issuing grants are governed by the funding agreement signed between IPPF and the donor.

to the humanitarian agenda, supporting humanitarian workers to deliver services in crisis and post-crisis situations. The Australian Government’s Department of Foreign Affairs and Trade (DFAT) has funded IPPF’s Sexual and Reproductive Health Program in Crisis and Post Crisis Situations (SPRINT) Initiative since 2007. Since then, the SPRINT Initiative has responded to 115 humanitarian crises and reached over 2.2 million people with crucial services. SPRINT IV commenced at the end of 2022 continuing the preparedness work in the Indo-Pacific region while expanding the support to emergency responses beyond the region (e.g. Sudan and the Middle East).

Here are some examples of IPPF’s restricted-funded projects in 2023:

IPPF continued to lead the Women’s Integrated Sexual Health (WISH) Lot 2 consortium programme, supported by the UK Foreign, Commonwealth and Development Office. The programme has successfully reached millions of the most marginalized people in Africa and in the Arab World regions with quality, integrated sexual and reproductive health (SRH) services. Consortium partners Development Media International, Humanity and Inclusion UK, International Rescue Committee, MSI Reproductive Choices, and Options Consultancy Services joined with IPPF to provide expertise on systems strengthening, social behaviour change community communications, disability inclusion, and humanitarian relief. Together, they continue to strengthen the sustainability of SRHR in WISH countries by advocating for increased health financing, creating an enabling environment for service provision, and strengthening private sector access.

DFAT also funds the RESPOND (Responding with Essential SRHR Provision and New Delivery Mechanisms) Project, launched in 2021 and jointly implemented by IPPF and MSI Reproductive Choices. This two-year project has spanned 21 countries in the Asia Pacific region, 18 of which IPPF has a presence in. Given the overall success of RESPOND, a cost extension was granted for the continuation of the project over a third year in five key countries (Philippines, Indonesia, Laos, Cambodia and Papua New Guinea). The success of service implementation is attributed to the strong collaboration with local civil society organizations, government agencies and healthcare providers.

Feminist Opportunities Now (FON) is a project funded by the Agence francaise de développement (French Development Agency).

One of the most critical components of humanitarian assistance is essential lifesaving SRH services. IPPF has long connected SRHR

----- Start of picture text -----
IPPF Humanitarian/
Pakistan Flood Response
10 | Grant Making
----- End of picture text -----

It is implemented by five international organizations: Médecins du Monde, CREA, International Federation for Human Rights (FIDH), Empow’Her and IPPF Africa Region, which is the lead agency. This project aims to support feminist civil society organizations working in the gender-based violence sector in the 10 countries of the project: Kenya, Ethiopia, Guinea, Cote d’Ivoire, Niger, Burkina Faso, Mexico, Colombia, Sri Lanka and Bangladesh. This is a four-year project which aims to reinforce organizational capacities and sustainability, particularly of very small organizations, and this is done via a flexible funding mechanism.

In 2023, with support from the Government of Japan, IPPF MAs in Afghanistan, Ukraine, Ethiopia and Pakistan implemented a one-year project for a total budget of US$2.08 million. The project provided community based SRH and essential health services, including maternal and child health, to protect the health and lives of vulnerable populations, especially women and girls, affected by conflict and natural disasters. In all the countries, the implementation of activities was peoplecentred responding to their specific circumstances, challenges faced, needs, and aspirations, while encouraging participation and an inclusive, rightsbased process so that the most vulnerable people were given a voice. MAs sought to achieve human security through the provision of relevant health services, especially for women, so they could live with dignity and free from threats such as unwanted pregnancy, death of themselves and their newborns, and reproductive ill health. Over 12 months, the project ensured the delivery of health services and information to over 270,000 people across the four countries.

With Global Affairs Canada’s support, IPPF and Profamilia have worked to improve access to SRH services for the Venezuelan migrant population and host communities on the northern Colombian border and respond to sexual and gender-based violence (SGBV) in crisis-affected communities. Project activities include providing lifesaving SRH services in targeted communities through Mobile Health Brigades; distributing dignity kits to the most vulnerable populations, emphasizing women’s and girls’ needs; and providing comprehensive SGBV response services, including case management, psychosocial support, and improved referral pathways. This project contributed to the health and the lives of 14,900 migrant and vulnerable populations in host communities, providing approximately 77,000 subsidized lifesaving SRH services and commodities in the four prioritized territories.

The SPRINT Initiative has responded to

115

humanitarian crises

The RESPOND project spanned

21

countries in the Asia Pacific region

In 2023, IPPF MAs in Afghanistan, Ukraine, Ethiopia and Pakistan delivered SRH services to over

270,000

people

IPPF and Profamilia’s project provided approximately

77,000

subsidized lifesaving services and commodities

Grant Making | 11

----- Start of picture text -----
IPPF Humanitarian/Ukraine Refugee
Response/Hungary
----- End of picture text -----

Resource Mobilization

IPPF’s establishment of an Individual Giving (IG) programme saw positive returns in 2023. It grew its community of supporters and advocates and generated nearly US$5 million in flexible revenue for the organization. The IG programme will continue expanding in 2024, including further explorations of diverse revenuegenerating and communications activities.

In 2023, the overall global economic downturn, ongoing volatility in financial markets, and shifting political contexts posed a threat to SRHR funding and created a highly dynamic environment. This was particularly true in Europe, where IPPF’s donor countries have been grappling with new internal competing funding priorities, the ongoing conflict in Ukraine and Russia, and stagnating economies.

Internal shifts within IPPF to the new Come Together strategy have also called for a rethink of resource mobilization focus and priorities. To accompany Come Together, the Global Income Generation Roadmap (2023–2025) sets out different approaches to reach income targets, as well as exploring emerging opportunities within and beyond our sector that will capitalize on the Federation’s unique structure and composition.

In June 2023, the IPPF Annual Consultative Meeting with Donors was held in Berlin, co-hosted by the Government of Germany. The high number of participants and their supportive and positive responses were testimony to the commitment and backing of IPPF’s partners to the Come Together strategy. A highlight of the meeting was a high-level panel that explored feminist foreign and development policy (FFDP) and its role in advancing sexual and reproductive health, rights, and justice (SRHRJ), as well as ensuring FFDP was designed to be intersectional, pro-LGBTQI+ and a mechanism to challenge male-dominated power structures.

Despite the challenging funding environment, 2023 saw success with IPPF winning major restricted awards and further diversifying income. However, we ended the year with a slight decrease in income compared to 2022.

Transforming the Secretariat

Aligning with Member Associations

The Secretariat consists of seven main offices located in six IPPF regions and plays an important role in the Federation. It operates as a connector, convenor, and facilitator of collaboration, but it is also an actor in its own right. Many of IPPF’s strategic pathways directly rely on Secretariat action and leadership.

Many of the Come Together strategy commitments require significant changes in the Federation’s priority areas, practice, and organizational culture. In January 2023, the Secretariat began the groundwork. A fivemonth realignment process fixed structural gaps and recruited new staff with fresh ideas, skills, and drive. This included the establishment of the new global Member Association (MA) Development and Impact division working in close collaboration with regional MA-facing teams. MA alignment is crucial to IPPF’s success. Without their buy-in and engagement, the strategy will not succeed. For this reason, MA alignment was a core priority for the Secretariat in 2023.

In 2023, the Secretariat set a solid foundation to underpin the transformation effort. Having reformed its governance and resource allocation models, the Secretariat now operates under a unified structure. The Secretariat has also optimized available resources and capacities towards full alignment with the new strategy. And, in an exciting effort to define and live by its values, it started the work to develop an IPPF Charter of Values, which, along with a new brand, will bring IPPF’s identity to life.

For many MAs, the approval of Come Together marked the starting point for their own strategic design process which took place between January and June 2023. By November 2023, up to 80% of MAs had updated strategies in place. Their ambitions are anchored in local realities and needs, with clear alignment to the IPPF strategy.

----- Start of picture text -----
IPPF: Globally Connected, Locally Rooted
----- End of picture text -----

----- Start of picture text -----
European Network
Arab World
East and
South East
Asia & Oceania
Americas &
Caribbeans
South Asia
Africa
----- End of picture text -----

12 | Resource Mobilization

Transforming the Secretariat | 13

Our Impact in 2023

Pillar 1: Centre Care on People

----- Start of picture text -----
|||||| |---|---|---|---|---| |Pillar 1:|Centre Care on People|MAs Reporting|2023 Result|2022 Result| |1|Proportion of [service providing] MAs/CPs|109|4%|N/A| |providing IPES-plus AND meeting quality| |standards.| |2|Number of clients served by type of services and model of care.| |Total clients|109|71,431,400|71,546,413| |of which:|hich:|hich:|hich:| |Aged 10-19|109|9,838,994|10,019,051| |Aged 10-24|109|28,227,132|27,751,040| |Poor and marginalized|109|60,672,123|61,728,357| |Female|109|58,737,811|59,976,224| |Served in humanitarian contexts|44|12,511,533|9,959,295|

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

----- Start of picture text -----
||||| |---|---|---|---| |Total services|109|222,428,995|226,907,307| |of which:|hich:|hich:|hich:| |Aged 10-24|109|102,113,394|100,981,569| |Self-care|12|20,889|14,037| |Digital health interventions (DHI)|18|225,389|No Data|

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

4 Aggregated proportion of MAs’/CPs’ contribution to the national SRH services provided in their countries.

----- Start of picture text -----
||||| |---|---|---|---| |Proportion of contraception|13|10.8%|N/A| |provided by IPPF MAs| |Proportion of abortion|52|3.9%|N/A| |services provided by IPPF MAs*|

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

Pillar 2: Move the Sexuality Agenda

----- Start of picture text -----
|||||| |---|---|---|---|---| |Pillar 2:|Move the Sexuality Agenda|MAs Reporting|2023 Result|2022 Result| |5|Number of successful policy initiatives and|44|115|150| |legislative changes in support or defence| |of SRHR.| |6|Shifts in perception and attitudes in relation|4|This is a research study|N/A| |to gender equality and inclusion across the|indicator. Full results| |Federation and the communities we serve.|reported in Annual| |Performance Report (APR).| |7|Quality, reach and impact of CSE, youth-|4|This is a research study|N/A| |centred care, and progress in youth|indicator. Full results| |engagement in the Federation.|reported in APR.| |Pillar 3:|Solidarity for Change|MAs Reporting|2023 Result|2022 Result| |8|IPPF’s contribution in supporting social|4|This is a research study|N/A| |movements and defending activists.|indicator. Full results| |reported in APR.| |9|Number of intra- and inter-sector|20|48|N/A| |campaigns delivered by the Federation| |in support or defence of SRHR, through a| |diversity and decolonization lens.| |10|Proportion of research and evidence-based|9|56%|N/A| |initiatives generated by MA-led centres of| |learning that are from the global south.| |Pillar 4:|Nurture our Federation|MAs Reporting|2023 Result|2022 Result| |11|Proportion of MAs/CPs receiving less than|56|66%|N/A| |50% of their income from one single donor.| |12|Overall Secretariat Efficiency Score.|-|-|N/A|

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

14 | Our Impact in 2023

Our Impact in 2023 | 15

Our Activities in 2023

The following sections provide a brief overview of some of the activities IPPF conducted in 2023, grouped under the four pillars of Come Together. More information is available in IPPF’s Annual Performance Report 2023, which provides greater detail on each strategic area and case studies highlighting achievements of grant-receiving MAs.

Find out more at www.ippf.org

IPPF Humanitarian/Cook Islands

16 | Our Activities in 2023

Our Activities in 2023 | 17

Centre Care on People

With contraception at the core, IPPF delivers all aspects of SRHR care. We prioritize those who are most marginalized and excluded. Over the next six years, IPPF will build its person-centred care model. Not everyone needs the same care, or to receive it in the same way. Person-centred care is about having voice, choice and access, and having agency to make informed decisions.

Pathway 1: Expand Choice

Integrating HIV into IPPF’s services

To strengthen the integration of HIV into IPPF’s South Asia services, IPPF developed an HIV Theory of Change and launched a programme under IPPF’s Strategic Fund to roll out and integrate new biomedical HIV prevention methods. The consortium is led by the MA of India and includes partner MAs in Eswatini, Lesotho, Malawi, Nepal, Malaysia and Thailand. Sensitization, via the provision of presentations and technical assistance, was also provided to MAs and the Secretariat on the newest biomedical HIV prevention methods and evidence-based best practices.

Promoting abortion rights in the Americas and the Caribbean

The Global Care Abortion Consortia led by Profamilia Colombia closed successfully in 2023 achieving its objective capacities and knowledge.

Also in 2023, IPPF ACRO, together with the Collaborating Partner of Honduras and the regional network of women living with HIV, increased the capacity of public health institutions to include the reproductive rights approach in their services.

Mexico, Colombia and Ecuador have expanded their contraceptive and abortion services to rural and indigenous communities with support from a new donor. In 2023 they provided 43 manual vacuum evacuation (MVA) services, 482 medical abortions and 6,230 long-acting contraceptives.

Creating a consortium in Africa to protect and promote abortion rights

In the wake of the US Supreme Court’s landmark ruling on Roe v. Wade in June 2022, a group of Africa-focused abortion rights organizations came together to discuss the ruling’s implications and consider the case for an ‘abortion consortium’ that might more effectively protect and promote abortion rights in Africa. Agreeing a consortium could fill a critical gap, the group convened a workshop in Nairobi with a wider network of partners to develop a Theory of Change and map a way forward for a consortium. In the phrase “abortion care for all in Africa”, partners enshrined the consortium’s vision of universal abortion rights and access to high-quality care, regardless of context and persons seeking care.

----- Start of picture text -----
Bolivia/Colectivo Rebeldía
----- End of picture text -----

Boosting safe abortion in New Zealand

Sexual Wellbeing Aotearoa (previously known as Family Planning New Zealand), an IPPF MA, is implementing DECIDE – Aotearoa’s National Abortion Tele-Health Service, giving people across New Zealand access to information on abortion services. DECIDE’s early medical abortion by phone is provided by the Women’s Clinic and is an option for pregnancy in the first 10 weeks. If a person doesn’t want to go to a clinic, DECIDE can arrange medicine delivery or pick-up at a nearby pharmacy.

Strengthening the supply of SRHR commodities to IPPF MAs

In 2023, IPPF’s collaboration with the United Nations Population Fund (UNFPA) Supplies Partnership resulted in increased access to reproductive health commodities in different countries in which IPPF MAs and UNFPA Supplies are active. MAs received a total value of US$5.8 million, which was the highest donated value since the pandemic. Among these were the first donations ever received by the MA in Madagascar with support from the global team, as well as renewed allocations to the MA in Sudan after several years of their requests to UNFPA not being met. Collaborations were also initiated in countries where IPPF has new partners, such as Kenya and Haiti, hopefully resulting in allocations in the years to come.

IPPF Humanitarian/Maldives

18 | Centre Care on People

Centre Care on People | 19

Pathway 2: Widen Access

Widening access in crisis-hit regions

Palestinians are systematically denied sexual and reproductive healthcare and rights. Our health system has been repeatedly targeted and depleted by the Israeli occupation, and the more it disintegrates, the more it will hinder the full realization of these rights for women and girls.

Conflict everywhere is a reproductive health and justice issue. In 2023, IPPF led 18 humanitarian responses under Stream 3 funding (Humanitarian SRHR Fund), spending US$1,048,500 and targeting 481,451 people across all regions, further expanding our geographical footprint. The Humanitarian Team supported regional responses in Sudan, Gaza and Ukraine, and by mobilizing restricted funds and diversifying resources to support readiness and response.

Ammal Awadallah

Executive Director, Palestinian Family Planning and Protection Association

In Sudan

As the conflict unfolded in Sudan in May 2023, the Humanitarian Team provided support to the Sudanese MA to mobilize Stream 3 funding. As a result of this initial seed funding, the MA further mobilized funding from DFAT (SPRINT), WISH and the Government of Japan. As a result, the Sudanese MA continues to lead seven mobile clinics to serve conflict-affected and displaced populations, reaching 7,818,311 people with life-saving services.

In the Middle East

The MAs and partners of the six most affected countries by the escalation of violence in Gaza, Palestine, as well as the deepening of the crisis across Syria, Lebanon, Jordan, Egypt and Yemen, have required intensive support and resources. Contingency plans including logistics and supplies have been developed, and psychological support for MA staff and service providers offered. An SRHR fund dedicated to the crisis has been deployed, with funding made available via Japan (JSB fund) and Australia (SPRINT).

Following the attacks on 7 October 2023 and an escalation of violence in Gaza, which destroyed the Palestinian Family Planning and Protection Association health site, IPPF has been offering support to ensure the SRH needs of women and girls in both Gaza and the West Bank. Planning is underway to ensure services are available once the violence dissipates, and the flow of aid is restored. Stream 3 funding supported Open Door (the Israel Family Planning Association) to offer services to displaced Israeli populations, reaching 3,300 people within their first month.

----- Start of picture text -----
IPPF/Palestine
----- End of picture text -----

In Ukraine

IPPF continued to respond to the Ukraine crisis, supporting 17 locally led partners across seven countries (Ukraine, Moldova, Bulgaria, Slovakia, Hungary, Romania and Poland) enabling the largest SRHR footprint of the response. Interventions were designed to provide SRHR information, accompanied consultations and critical referrals for SRHR and sexual and genderbased violence (SGBV) services as well as strengthen existing health systems in Ukraine.

IPPF’s response focused on reaching marginalized groups of Ukrainians, including adolescents and youth, Roma, and LGBTQI+ communities. Following the initial Stream 3 investment, IPPF leveraged over US$8 million in funds from donors, ensuring dedicated funding for abortion care. In the first 18 months, partners reached over 681,669 people with information and services. In Ukraine, 37 health facilities were supported with training, commodities, and equipment. In addition, 633 clinical service providers in Ukraine were trained in the clinical management of rape and safe abortion care.

It is of concern that donor fatigue has started to set in, however, and the last quarter of 2023 saw a significant reduction in funding. The pipeline for 2024 means that IPPF has had to reduce its response from a budget of US$3.8 million for 17 partners in seven countries in 2023 to US$750,000

for four partners, across three countries in 2024. Moving forward, IPPF will focus on attracting resources for longer-term funding for partner organizations with prioritization for Ukraine, Poland and Hungary.

681,669+

people were reached with information and services

37 health facilities were supported with training

633

clinical service providers were trained in the management of rape and safe abortion care

----- Start of picture text -----
20 | Centre Care on People
----- End of picture text -----

Centre Care on People | 21

Pathway 3: Advance Digital & Self-Care

Digital health intervention (DHI) roadmap

Using digital platforms to inform and educate

In 2023, IPPF developed a roadmap on DHI and a working group was formed to advance the build of a DHI framework. The roadmap was informed by the 2022 International Medical Advisory Panel (IMAP) statement on DHIs and the 2021 landscape analysis on DHIs. Several MAs developed DHI solutions to adapt their services to the pandemic when face-to-face care was limited. Bringing together these different solutions and approaches to create a more cohesive DHI framework will be a priority for 2024.

In Europe

The Safe from Sexual and Gender-Based Violence (SGBV) toolkit is used to guide the delivery of sexuality education sessions which support young people at risk of marginalization to recognize and protect themselves from SGBV. In 2023, IPPF’s Europe Network delivered online training sessions to 13 trainers from five MAs (Latvia, Portugal, Spain, Cyprus and Austria) on the toolkit and its integration into digital comprehensive sexuality education (CSE). The training was built around MAs’ needs as well as the integration of the gender transformative approach in their ongoing education programmes. Follow-up actions indicate that 2,344 people went through gendertransformative educational sessions and training.

Health centre in Laos

IPPF EN

In East and South East Asia and Oceania (ESEAOR)

IPPF’s ESEAOR’s flagship programme in DHI is the RESPOND Project. It is implemented in 13 countries and gives people access to quality SRH services in the Asia and Pacific region using telemedicine and digital health activities. In 2023, 81,989 benefited from these DHIs. Furthermore, the number of people who accessed SRH information through digital platforms was 3,201,082.

Sri Lanka Member Association

Move the Sexuality Agenda

Over the next six years, IPPF will come together for sexual and reproductive rights. We will uphold human rights norms and challenge the toxic norms that strip away people’s dignity. We will work towards a more inclusive, intersectional, and feminist world. We will agitate, excite, build common ground, and develop new messages that resonate with people in their lives.

Bolivia/Colectivo Rebeldía

22 | Centre Care on People

Move the Sexuality Agenda | 23

Pathway 1: Ground Advocacy

Advocating for SRHR at the United Nations

In 2023, IPPF’s United Nations Liaison Office (UNLO) team upheld IPPF’s position as a unique and leading advocate for SRHR and the rights of marginalized communities. The UNLO team worked closely with IPPF MAs and CPs to bring their priorities to UN spaces and support their direct participation when they were on country delegations, thus ensuring a critical accountability loop of Member States’ commitment, with MAs as activist partners in the process.

a broad range of draft resolution texts, including at all stages of the negotiation processes. This allowed us to keep references to SRH, multiple and intersecting forms of discrimination (MIFD), sexual and gender-based violence (SGBV), and menstrual health and hygiene management across resolutions – which must be considered a gain in the current environment.

In the UN Human Rights Council, IPPF also supported MAs and Member States to provide technical expertise, strategic guidance and inputs on key resolutions on women’s and girls’ rights and gender equality, including resolutions on Child, Early and Forced Marriage and Preventable Maternal Mortality and Morbidity. In the resolution on ‘Accelerating efforts to eliminate all forms of violence against women and girls: preventing and responding to all forms of violence against women and girls in criminal justice detention’ , IPPF’s work with Member States helped to defend against strong opposition efforts to undermine the text and secured a strong emphasis on root causes, including unequal power relations, gender stereotypes, social norms, patriarchal system and the disproportionate policing of and impact on women and girls of racial and ethnic minorities, with a strong focus on the right to sexual and reproductive health, reproductive rights, and the right to bodily autonomy. The resolution also explicitly calls for comprehensive sexuality education and safe abortion, when not against national law.

In March, at the 67th session of the Commission on the Status of Women (CSW67), IPPF was instrumental in securing a successful outcome document that has strong references to SRHR and recognizes the important role of digital technologies in ensuring universal access to SRH services, including for family planning, information, and education through supporting MA engagement with their governments, working closely with Member States, and co-convening feminist civil society. The agreed conclusions also had a specific focus on the needs of adolescents – one of IPPF’s key priorities.

In the UN Third Committee, discussions were marked by the growing polarization and strong opposition towards SRHR, gender, LGBTQI+ and diversity language. Negotiations were difficult across all resolutions given the strong push from several states to undermine normative and human rights standards and, in particular, references to SRHR. IPPF and our MAs provided timely, evidence-based, strategic feedback to

----- Start of picture text -----
MAs and IPPF together at the
United Nations in New York City
24 | Move the Sexuality Agenda
----- End of picture text -----

French Member Associates celebrate at the Senate after France enshrines abortion into the constitution

Advocating for SRHR and gender equity in South Asia

The South Asia Regional Office collaborated with Blue Diamond Society, a prominent LGBTQI+ organization in Nepal, to advocate for and bolster momentum in the recognition of samesex marriage. IPPF supported the Blue Diamond Society through our movement accelerator grants for campaigns on same-sex marriage. This partnership culminated in Nepal’s historic registration of its first same-sex marriage by the Supreme Court of Nepal in 2023.

In 2023, the Family Planning Association of Sri Lanka (FPASL) backed the Penal Code (Amendment) Bill to decriminalize homosexuality. The bill now requires a simple majority to pass. Also in Sri Lanka, FPASL led consultations with transgender groups to draft the Trans Protection Bill. They also facilitated the issuance of Gender Recognition Certificates, enabling trans-identifying individuals to change their legal documents during transition.

Advancing gender equity and SRHR in the European Union

In 2023, the European Network submitted more than 60 inputs and action alerts to EU decision-makers, members, and partners to influence the inclusion of SRHR in crucial EU processes. This list included the revision of the EU law on Victims’ Rights and the negotiations for the first-ever binding EU law on Violence against Women. This work led to 10 advocacy wins at the regional level achieved with MAs and partners. Three highlights include the first ministerial declaration dedicated to SRHR under the Spanish Presidency of the Council of the EU; completing the EU accession to the Istanbul Convention on preventing and combating violence against women and domestic violence; and the crucial position of the European Parliament on the Directive on Violence Against Women (the first comprehensive legal instrument at EU level to tackle violence against women).

IPPF/Hannah Maule-ffinch/Nepal

Move the Sexuality Agenda | 25

----- Start of picture text -----
IPPF Humanitarian/Thai Burma border
----- End of picture text -----

Monitoring commitments in Asia and the Pacific Region

Collaborating on SRHR advocacy in the Americas and the Caribbean

In 2023, IPPF ESEAOR partnered with the European Parliamentary Forum to develop and publish the Contraceptive Policy Atlas for Asia and the Pacific Region. The Atlas was launched during the 7th Asian and Pacific Population Conference (APPC) held in Bangkok, Thailand. The Contraception Policy Atlas Asia Pacific Region 2023 is the first intraregional comparative tool that assesses the contraception policies of 43 countries in Asia Pacific. The Atlas scores policy frameworks on family planning and equitable access to contraception funding. Data for all 43 countries, collected in early 2023 and validated by IPPF ESEAOR, provides insights into reproductive rights and contraception access in the region.

The Montevideo Consensus is Latin America and the Caribbean’s most important intergovernmental agreement on population and development matters. To mark its anniversary, IPPF Americas and the Caribbean (ACRO) activated a collaborative advocacy effort with MAs, CPs and other key stakeholders in the region. The MA from Trinidad and Tobago was the lead voice in demanding responses to commitments made by governments.

IPPF ACRO also launched the SRHR Caribbean Observatory in 2023, in collaboration with UNFPA. This will monitor indicators related to IPPF’s agenda and foster evidence-based advocacy in the region in partnership with MAs, CPs and other stakeholders.

Challenging the rollback of SRHR in Africa

IPPF Africa Region (IPPFAR) was appalled and deeply disturbed by the recent enactment of the Anti-Homosexuality Act 2023 by President Museveni of Uganda in May. This regressive law represents a grave violation of human rights and sexual and reproductive rights, affecting not only the LGBTQI+ community but all Ugandans. This rollback of rights was followed by a policy change in Zambia, in October, advising against the use of the term “sexual and reproductive health and rights” in all documentation. This has far-reaching negative implications that could include an increase in female genital mutilation and child marriage, and forced treatments, including sterilization, virginity examinations, and abortions. IPPFAR is continuing to address these issues by engaging with MAs to advocate for SRHR and offer support, for example, conducting a risk assessment in Uganda.

Throughout 2023, IPPFAR released five press statements in response to the increasing roll-back of rights in Africa, for the LGBTQI+ community. The statements were written in collaboration with MAs in the respective countries and firmly stated IPPFAR’s position and support for marginalized and vulnerable communities.

IPPFAR also became a member of the International Conference on Population and Development (ICPD30) Africa Review Coordination Group. We were responsible for conducting outreach to a wide range of Civil Society Organizations across the continent to share their recommendations for advancing the ICPD30 agenda and the Addis Ababa Declaration on Population and Development (AADPD+10). IPPF then shared these recommendations with Member States and representatives of intergovernmental bodies for inclusion in the continental review report.

Also in 2023, IPPFAR developed documentation and evidence to support the advocacy efforts of MAs at multiple levels. These included a policy brief on SRH in universal health coverage in Africa, advocacy case studies in Burundi and Kenya, and best practice notes on how to embark on a digital pleasure journey for other SRHR organizations.

26 | Move the Sexuality Agenda

Pathway 2: Shift Norms

----- Start of picture text -----
IPPF EN/Sex Work
----- End of picture text -----

Challenging polarizing narratives on the feminist movement

Increasingly exploited by right-wing opponents who aim to scare moderates and divide public opinion, wedge issues within the feminist movement act as significant barriers to progress. In 2023, IPPF’s European Network conducted a pilot project with MAs on “How to tackle polarization within the feminist movement: initial recommendations on narratives to build unity on gender diversity and sex work” . It developed case studies to explore narratives related to these topics. The results from this testing were shared with MAs and partners in a webinar and are informing new communications aimed at building unity within the feminist movement. IPPF also played a critical role in moving France toward the constitutional amendment to enshrine the right to abortion throughout 2023. Recognizing a critical gap, IPPF also launched a process to develop a Gender Policy with a focus on the needs of the trans community, linking feminist and LGBTQI+ communities as a powerful statement of solidarity and inclusivity.

Making SRHR an election issue

IPPF’s European Network strongly welcomed the result of Poland’s parliamentary elections, held on 15 October 2023, in which opposition parties won a greater number of seats than the ultra-conservative Law and Justice (PiS) party. Record turnout saw over 73% of women and 69% of young people cast their ballot, up 12% and 22% respectively compared to Poland’s last parliamentary elections in 2019.

This defeat for PiS after eight years in government is a direct result of the 2020 Women’s Strike protests, when hundreds of thousands of Polish people expressed their outrage at the imposition of a near-total abortion ban, fatally weakening support for PiS’ cruel and anti-democratic regime. Ahead of the elections, Donald Tusk, leader of the Civic Platform opposition party, pledged to legalise abortion care within the first 100 days of government, if elected.

Campaigning to prevent sexuality and gender-based violence

IPPF South Asia Region launched a campaign #GotToBreakFree to create awareness, encourage speaking out and build resilience to prevent sexual and gender-based violence (SGBV), adopting an intersectional approach. Using both online and offline platforms the campaign aims to shift the spotlight towards survivors from communities that are the most vulnerable to violence yet occupy a disproportionally smaller space in advocacy and service delivery prioritization. The campaign was bolstered with three partnerships which will raise attention while also creating resources that can be used for community engagement and social mobilization.

Taking intersectional and feminist action in Japan

IPPF submitted a joint petition to the Government of Japan advocating for increased funding under the commitments made at the Hiroshima G7 Summit. This petition forms part of a broader effort to ensure global commitments to SRHR are fulfilled. IPPF’s advocacy efforts in Japan were bolstered through policy dialogues with the Ministry of Foreign Affairs, participation in the Global Conference of Parliamentarians on Population and Development, and discussions with youth organizations, highlighting the need for comprehensive SRHR policies. The approval of medical abortion pills in Japan signifies a progressive shift in the country’s approach to women’s health. Japanese Prime Minister Fumio Kishida recognized the importance of women’s autonomy in SRHR and supported integrating these rights into Universal Health Coverage, indicating a positive change in the country’s stance on human security and health policy.

Challenging SRHR stereotypes in Sub-Saharan Africa

IPPF’s Africa Region launched “Common Senses” in English, French and Portuguese to challenge stereotypes and reshape narratives around SRHR across Sub-Saharan Africa. This campaign aims to break down harmful myths and misconceptions relating to gender, sexual orientation, disability, and access to healthcare by vulnerable and marginalized key populations. The campaign reached more than 8.5 million people and the videos were viewed more than 1.35 million times on IPPF Africa’s digital platforms within its first three months.

Establishing a Centre for Excellence to accelerate the end of female genital mutilation

The mission of the Female Genital Mutilation (FGM) Center of Excellence is to strengthen and inform a woman-and-girl-led response to all forms of sexual gender-based violence (SGBV), including FGM. The Centre of Excellence was led in 2023 by Association Mauritanienne pour la Promotion de la Famille (AMPF), an IPPF MA, which is one of the strongest advocates against gender-based violence and FGM in Mauritania. AMPF aims to progress the elimination of FGM in countries where this practice is significantly prevalent. The FGM Center of Excellence is therefore a hub for MA-to-MA learning, sharing expertise and working on the goal towards the attainment of Sustainable Development Goal 5: Gender Equality and the full eradication of FGM by 2030.

Survivors didn’t talk before. But IPPF will give them a voice, and our global program will build on survivors’ experiences and amplify their contributions as never before.

Dr. Rania Abdalla Abu Elhassan

IPPF Arab World Region MA Support and Development Director

73%

of woman cast a ballot in the 2023 Polish parliamentary elections. A 12% increase on the previous year

69%

of young people cast a ballot in the 2023 Polish parliamentary elections. A 22% increase on the previous year

IPPF’s Africa Region reached

8.5m

people with their “Common Senses” campaign

The “Common Senses” campaign videos were viewed more than

1.35m

times in the campaign’s first three months

28 | Move the Sexuality Agenda

Move the Sexuality Agenda | 29

----- Start of picture text -----
Bolivia/Colectivo Rebeldía
----- End of picture text -----

Pathway 3: Act with Youth

Empowering young people in the Arab World

IPPF Arab World Regional Office successfully organized the Arab Adolescent Forum 2023 alongside UNFPA, UNICEF, WHO and Association for Child and Adolescent Mental Health (ACAMH). This groundbreaking regional event, aimed at catalyzing a call to action for adolescents, gained political and financial commitments for improved policies and programmes. Held in Tunisia in October 2023, the forum focused on themes such as health, connectedness, safety, SRHR education including comprehensive sexuality education (CSE). IPPF’s pivotal role in orchestrating this forum exemplifies our dedication to fostering positive change and empowering youth across the Arab region.

successfully supported the establishment of three regional Centres of Excellence in CSE and youthcentred programming. By the end of the project, over 1.2 million services were provided, nearly double the target in the proposal.

Creating youth-friendly services in and beyond humanitarian crises

Piloting Centres of Excellence in comprehensive sexuality education (CSE)

Youth Voices, Youth Choices was a three-year project, concluding in 2023, dedicated to learning from the COVID-19 experience in the Western Balkans to ensure SRH services, information and education become more accessible and youth-friendly in the long term, especially for marginalized groups. It brought together IPPF MAs and partners in Albania, Bosnia and Herzegovina, Bulgaria, North Macedonia and Kosovo. The project had a significant impact from a community and institutional perspective and strongly contributed to the empowerment and greater involvement of young people as activists.

June 2023 marked the end of the four-year Global Affairs Canada-funded project “Enabling and Empowering Young People through Rights-Based Sexual and Reproductive Health Service Delivery and Comprehensive Sexuality Education” . The project was implemented by three MAs: Association Togolaise pour le Bien-Être Familial (ATBEF) in Togo, Profamilia in Colombia, and Planned Parenthood Association of Ghana (PPAG) in Ghana. The project

Solidarity for Change

From climate change and inequality to a rise in extremism and right-wing agendas, the problems faced in the world are many, complex and interconnected. No sector can solve its problems alone and global development agendas – such as the Sustainable Development Goals and Universal Health Coverage – underline the need for international collaboration.

Over the next six years, IPPF will come together to build more bridges and forge greater alliances and partnerships. Working with our allies, we will define shared goals and actions, and support movements where they are, and on their terms.

IPPF Humanitarian/Ukraine Refugee Response/Poland

IPPF Humanitarian/Maldives

30 | Move the Sexuality Agenda

Solidarity for Change | 31

Pathway 1: Support Social Movements

Introducing Kalavai – a cross-movement and cross-sectoral partnership

Supporting the Green Wave in Latin America

At a global level, IPPF and partners have established an initiative called the Kalavai partnership, which brings together the LGBTQI+, feminist and gender justice movements to advance SRHR and counter the anti-gender and authoritarian movements. Coconvening this initiative with IPPF are the International Lesbian, Gay, Bisexual, Trans and Intersex Association (ILGA) World, the Association for Women’s Rights in Development (AWID), Global Philanthropy Project and Funders Concerned about AIDS (FCAA). The Kalavai partnership will create shared opposition intelligence, strengthen and amplify voices from movement actors, and expand access of community-led initiatives to policy-shaping spaces and funding resources to enable further action.

In September 2023, the Mexican Supreme Court made the landmark decision to declare the criminalization of abortion as unconstitutional. This comes in the wake of the Green Wave movement that has spread across Latin America in the last few years. Argentina was the first large country in the region to legalize abortion in 2020, forming the movement that has paved the way for other countries including Colombia, Bolivia, Chile, and now Mexico, to either fully decriminalize or expand access to abortion. IPPF’s MAs, including Profamilia in Colombia, Colectivo Rebeldía in Bolivia, APROFA in Chile and MexFam in Mexico, have been tirelessly defending and promoting the full spectrum of SRHR.

----- Start of picture text -----
Bolivia/Colectivo Rebeldía
----- End of picture text -----

Working with activists to decriminalize homosexuality in the Cook Islands

In April 2023, the Cook Islands removed a colonial-era law that criminalized homosexuality, in a huge victory for the local LGBTQI+ community. IPPF’s local MA, the Cook Islands Family Welfare Association (CIFWA), was integral to the advocacy around this law reform, which faced many hurdles since the movement kicked off in 2017. Staff and volunteers at CIFWA worked in step with Pride Cook Islands and the Te Tiare Association, two of the biggest LGBTQI+ advocacy organizations in the country, to end discrimination and promote human rights.

Amplifying the voices of activists in Europe

IPPF’s European Network carried out 24 joint cross-border amplification and mobilization actions in support of the voices of activists under attack in nine countries (Belgium, Malta, Poland, Romania, Slovakia, Spain, Ukraine, UK and Andorra). These solidarity actions leveraged IPPF’s advocacy and communications capacities to condemn the backlash in European countries and gain solidarity and joint advocacy for stronger EU actions to protect civic space and women human rights defenders. They also contributed to denouncing attempts by European countries to restrict access to SRHR.

Launching an Alliance for Human Rights and the Inclusion of Sex Workers

In 2023, IPPF ACRO, working with Amnesty International and the Sexual Worker Network of Latin America (RETRASEX), co-funded the Alliance for Human Rights and the Inclusion of Sex Workers in Latin America and the Caribbean. Its purpose is to demand an end to the criminalization of people who perform sex work and urge states to protect their human rights. The first face-to-face event brought the commitment from UNFPA and UNAIDS to support their inclusion in intergovernmental spaces.

----- Start of picture text -----
IPPF Humanitarian/
Cook Islands
----- End of picture text -----

Argentina was the

FIRST

large country in the Latin American region to legalize abortion in 2022

IPPF’s European Network carried out

24

cross-border amplification and mobilization actions in support of the voices of activists under attack in nine countries

32 | Solidarity for Change

Solidarity for Change | 33

Pathway 3: Innovate & Share Knowledge

Pathway 2: Build Strategic Partnerships

Promoting new partnerships and alliances

In Africa

The WISH2ACTION programme is implemented in Uganda by Reproductive Health Uganda, an IPPF MA, and is working towards accelerating gender equality in SRH, by addressing the root cause. To achieve this goal, the programme has recognized the crucial role that men play in shaping the lives of women and girls in Northern Uganda. To tackle misconceptions about family planning, WISH2ACTION has introduced an innovative game called Together We Decide. This interactive tool provides men with sexual and reproductive information and advocates for gender equality by demonstrating how men should have health discussions with their partners. By March 2023, 24 clan leaders, including the ministers of health from these kingdoms, had been trained in conducting community-based dialogues.

In Europe

IPPF’s European Network hosted the “Power of the Many” forum, bringing together over 150 SRHR activists and advocates from over 30 countries across Europe and Central Asia. Activists, youth and actors brought their expertise and lived experience (e.g. LGBTQI+ and sex worker communities). All came together to build a sense of movement in the challenging and polarized context of SRHR, with the aspiration of ensuring gender equality and human rights for all.

In November 2023, IPPF’s European Network also led Countdown 2030 Europe, an advocacy consortium of 16 partners including nine MAs on SRHR funding and policy in international cooperation. It adopted a three-year Decolonization Action Plan, which will guide its transformational journey over the next three years (2023-2026). As part of its efforts to ensure a more effective and genderequal international cooperation sector, the consortium will hold itself accountable for addressing unequal power relations, including ensuring a more systematic collaboration with low and middle-income countries by prioritizing outreach to those furthest behind.

In the Arab World

The Arab Regional Conference on Population and Development, organized by IPPF Arab World Region, the Economic Commission for Western Asia (ECWA), UNFPA Arab States, and the League of Arab States took place in September 2023 in Beirut. The conference aimed to assess the progress of Arab States in implementing the 2013 Cairo Declaration on Population and Development. It served as a platform for governments and stakeholders to share experiences, identify challenges, and explore policy solutions. The conference featured sessions on topics including poverty, health, gender equality, environmental sustainability, and humanitarian crises.

IPPF is built on partnering, solidarity and sharing. That is in our DNA.

Come Together: IPPF Strategy 2028

Conducting studies in Nepal on the implant contraceptive

IPPF’s South Asia Regional Office and the Family Planning Association of Nepal (FPAN) jointly initiated a cross-sectional exploratory study to unearth the trajectory of the crossborder journey of Indian women who visited Nepal for contraceptive implant services. The findings are useful for advocacy to roll out implant contraceptives in India and were presented at the SRH Summit in Nepal. IPPF also carried out two other implant contraceptive studies to assess health system readiness and preparedness, and user uptake, for new contraceptives in India.

Sharing best practices for helping

young people

IPPF Africa Region’s digital campaign Treasure Your Pleasure creates a safe space for young people to talk about sexuality and pleasure. The campaign was presented in April 2023 at the WHO/UNDP/UNFPA/World Bank Special Programme of Research Development and Research Training in Human Reproduction (HRP) 36th Meeting of the Policy and Coordination Committee (PCC). An advocacy paper on the campaign was submitted for peer review in the Sexual and Reproductive Health Matters journal and was approved, and a best practice note on how to “embark on a digital pleasure journey” was made public for other SRHR organizations.

Converging for change in Bali

Towards the end of 2023, staff, delegates and volunteers from IPPF ESEAOR got together for Convergence for Change 2023: IPPF ESEAOR Regional Gathering and Youth Forum, held in Bali. This event was a pivotal platform for discussions highlighting the evolving landscape of SRHR advocacy and the dynamic strategies needed to address pressing challenges while capitalizing on opportunities for positive change.

----- Start of picture text -----
IPPF Humanitarian/
Cook Islands
----- End of picture text -----

34 | Solidarity for Change

Solidarity for Change | 35

Nurture our Federation

The past 12 months have been a period of radical transformation for IPPF as we streamline our structures, systems and operations to better achieve our goals. Over the next six years, we will continue to adapt the Federation to a changing world. As we do so, we will re-examine and affirm our common values, refining our look and feel to be seen widely and in the right places. IPPF will address our colonial legacies, improve related policy and practice, and build better systems and supportive cultures for volunteers and staff.

Pathway 1: Chart our Identity

----- Start of picture text -----
External Relations Induction
Meeting/Tunisia
----- End of picture text -----

Introducing Architects of

In 2023, the Identity Initiative which includes the Charter of Values and Global Rebrand, commenced an extensive research phase, focusing on internal Federation-wide consultations. The project involved the establishment of an engaged and supportive Charter Guiding Group and Rebrand Committee which will provide support and guidance to the process.

Cooperation

IPPF’s 2023 restructure resulted in significant changes to the Secretariat’s MA-facing divisions, including the introduction of Architects of Cooperation (AoC). AoC act as a bridge between IPPF and MAs, helping them to grow and leverage expertise. In October 2023, the MA Development and Impact division organized a week-long induction retreat for the new MA Support and Development Team, consisting of directors, AoC and business analysts. This team is at the heart of the new MA support and engagement structure and is a key collaborator of the MA Development and Impact division, working closely in supply chain management, governance and accreditation, performance, learning and impact, medical and SRH technical, humanitarian, and project management.

At the heart of our meeting was the pivotal task of crafting a shared moral umbrella that would align our values within the IPPF. We understood that this unity was paramount in achieving our vision of universal access to sexual and reproductive health rights. This shared understanding bound our thinking together. We were quick to keep in mind the importance of ensuring that every individual within the IPPF community felt connected and driven by this common purpose, while staying true to their own beliefs and value systems.

Ensuring IPPF’s global identity meets the moment

As part of the new Come Together strategy, IPPF is developing a Charter of Values which will shape our collective identity and ensure IPPF is ready for the changes confronting us. In tandem, our global brand is being redeveloped to reflect the values that unite the Federation as well as make it stand out globally. The rebrand will amplify our collective leadership while leaving enough space for MAs’ individual identities. It will bring focus to (but not replace) existing systems such as accreditation and financial agreements.

Sihara Liyanapathirana

IPPF Social Media Advisor IPPF’s Charter and Rebrand Group

----- Start of picture text -----
External Relations
36 | Nurture our Federation Induction Meeting /Tunisia
----- End of picture text -----

Nurture our Federation | 37

Championing people, organization and culture

The People, Organization and Culture division was central to the global realignment of the Secretariat in 2023, ensuring the structure, capabilities and people were in place to support the delivery of the Come Together strategy. This meant bringing a different approach to support, connect and develop MAs regionally and globally as the experts, drivers and advocates for change; distributing leadership across the globe to enable our anti-racism and inclusion agenda; increasing diversity and the number of people working in the Secretariat coming from the communities we serve, including a purposeful approach to increasing the number of youths.

The structural realignment has created a unified Secretariat through global communities of practice and teams while reflecting the context of each geography through complementary skills. This process meant all Secretariat roles had to be reviewed and many redesigned. Almost a third of all Secretariat job roles changed and there were redundancies last year to enable the new structure to be realized.

Carrying out such large-scale structural and cultural change within the IPPF has not been without its challenges. The changes were radical and impacted people at all levels and therefore had to be communicated with care and sensitivity. A communication framework was established and a single global intranet for all colleagues containing information, timelines and updates. The Global Staff Association Committee played a crucial role in identifying people’s needs which informed the provision of psychologist support (group and individual) and outplacement support.

Since the restructure, the ‘Transformation’ intranet site has evolved to ‘The Focal Point’, providing information, links, news and opportunities to engage in increasing connectivity, equal access and as a tool to reinforce key cultural messages.

Investing in people and building expertise

Part of IPPF’s global restructure meant bringing in new and different skills to modernise how we deliver impact through our MAs. To attract new people, IPPF improved its recruitment process to bring consistency, reduce bias and

improve diversity and candidate experience. This hard work is paying off and, in 2023, IPPF once again scored very highly in the 2023 Global Health 50/50 report, which reviews the gender-related policies and practices of over 200 organizations.

Unifying the approach for advocacy and communications

In mid-2023, the Solidarity for Change and Voice Team was created combining the Global Advocacy and Communications teams under one framework and creating a new emphasis on cross-team activism to advance IPPF’s objectives. The team reports to the Global External Relations Director in London and has made a significant effort to ensure greater diversity by recruiting and hiring from countries and regions around the world and focusing on positions for young people (under 25).

The team includes a new Communications, Voice and Media division which includes several young people (under 25), and a new Global Lead, Opposition and Narratives, who will work to streamline what had been the Movement Accelerator Platform to Secretariat-wide efforts to track and counter SRHR opposition and expand the Winning Narratives community of practice. This is a significant change in IPPF’s approach to this work and will take time to build. Working with Donor Relations, the team successfully secured significant restricted funding for this work starting in 2024.

----- Start of picture text -----
IPPF Humanitarian/Turkey Earthquake
----- End of picture text -----

Pathway 2: Grow our Federation

Growing our Federation

our mission of helping people to live healthier lives. In Turkey, a shortlist of six NGOs was agreed. The outcomes of these conversations, and ideally identification of an IPPF member in Turkey are expected by summer 2024.

There has been a steady increase in organizations applying for IPPF membership since IPPF’s 2020 governance reform and our commitment to Grow our Federation. For example, in 2023 an application was received from the former Chilean MA wishing to rejoin the Federation following its resignation from IPPF in 2020. Following review by the Governance and Accreditation Team, and the successful completion of the application process, we are delighted to welcome the Chilean MA back to the Federation.

To grow IPPF’s membership in East Asia, IPPF has conducted SRHR mapping in Japan to identify possible partners. Meanwhile, in Oceania, a new collaborating partnership has been forged in the Marshall Islands with the organization called Youth to Youth Marshall Islands.

The launch of the FP2030 Asia and the Pacific Hub, hosted by IPPF ESEAOR, marks a significant advancement in the FP2030 Global Support Network, aiming to enhance collaboration and country-led direction within the partnership. The hub will accelerate access to modern contraception and improve reproductive healthcare for all, especially women and girls in the region.

In Europe, work is underway to expand IPPF’s footprint in both the UK and Turkey. These areas were prioritized because of their geopolitical roles in the region as well as the shrinking space for civil society and human rights in Turkey. Context analysis of SRHRJ was carried out in both countries in conjunction with the mapping of potential NGOs scored against key criteria. Brook was identified in the UK as it offers a range of services to support

External Relations Induction Meeting/Tunisia

38 | Nurture our Federation

Nurture our Federation | 39

Building a social enterprise hub

IPPF’s Social Enterprise Hub (SE Hub), led by the Family Planning Association of Sri Lanka, rolled out various initiatives across 2023 providing technical support and capacity building to MA social enterprises. The SE Hub also custom-developed a Social Enterprise Impact Assessment Framework to serve as a guideline for MAs in recording and reporting the social impact generated by the social enterprises they operate.

Increasing efficiencies in finance

In 2023, we started to bed in a new financial and technology ecosystem that is nimble and responsive to the needs of the transformed Secretariat in delivering against the new Come Together strategic framework. This transformation is about becoming more transparent and accountable, and reimagining how we deliver our work in support of our MAs and partners.

Finance roles and responsibilities were streamlined across all IPPF offices to bring greater clarity, transparency and accountability into our financial ways of working. A Shared Services Unit was created to vertically integrate finance functions, systems and processes, with 19 new roles, while at the same time ensuring that Regional Offices, as part of corporate services, maintain the control they need for local compliance and financial administration.

Growing in an uncertain funding landscape requires diversification, entrepreneurship, and financial discipline. We have learned much about financial sustainability and social enterprise. We will move from knowledge to practice and help fully resource our work.

Come Together: IPPF Strategy 2028

Introducing the IPPF Dashboard

In 2023 we introduced the IPPF Dashboard which consolidated data from disparate Secretariat systems into a single platform, for the first time. It allows access to information from all MAs and CPs to be accessible on a unified platform. This cloudbased Data Warehouse and Business Intelligence (DW/BI) project significantly streamlines the tasks of MA-facing teams, facilitating data-driven decision-making. It is a significant milestone in our journey to becoming more MA-centric.

Phase I integrated data from various platforms including Business Planning (including TRT evaluation), DHIS2 and Accreditation system. Phase II scope is being finalised with the implementation partner. Phase II is expected to take IPPF’s data analysis capabilities a notch higher by integrating data from additional data sources into the already existing Phase I data. The combined data model will provide the capability to generate additional reports and newer insights by connecting the dots across different systems.

Implementing assurance mechanisms

The primary assurance mechanism for IPPF is the Federation’s Accreditation System, which ensures the IPPF MAs continually meet the unified principles for membership. IPPF has an annual Secretariat-wide internal audit programme and, in 2022, the Federation launched a new MA assurance programme to help IPPF identify, support, and monitor the systems and controls of MAs.

A risk analysis, based on data and stakeholder feedback, is used to select MAs for the review; at least 10 MAs undertake an assurance review each year. Conducting assurance reviews of IPPF MAs is a key proactive initiative of the IPPF Assurance Mechanism.

Having successfully implemented three accreditation phases since 2003, IPPF launched accreditation phase four in January 2023. Unfortunately, this coincided with the restructuring of the Secretariat, which resulted in the loss of key governance and accreditation staff. Phase IV was designed to run from January 2023 – December 2026 but an extension has been granted and it will now run from July 2023 – June 2027.

Membership Principles & Standards

The Membership Standards are organized under 10 principles which all of IPPF’s Member Associations work towards fulfilling. These are the building blocks of the accreditation system. Each principle is essential and they are related to another as shown in this diagram:

A LEADING SRHR ORGANIZATION

COMMITTED COMMITTED TO RESULTS TO QUALITY

WELL FINANCIALLY GOOD MANAGED HEALTHY EMPLOYER STRATEGIC TRANSPARENT OPEN AND WELL AND AND DEMOCRATIC GOVERNED PROGRESSIVE ACCOUNTABLE

40 | Nurture our Federation

Nurture our Federation | 41

Pathway 3: Walk the Talk

Promoting sexual and

Attracting a young and diverse workforce

gender diversity

Over the past 12 months, IPPF has purposefully committed to attracting more younger people to the Federation. At the end of 2023, 6% of the Secretariat were under the age of 25, exceeding our target of 5%. Breaking mindset barriers to the employment of youth has been harder in some cultures where experience is valued. However, examples of successful youth recruitment and exposure to youth talent are starting to change mindsets. Using youth to recruit youth is also to be built on.

IPPF is committed to working in solidarity with organizations that address negative sexual and gender norms and promote and uphold the rights of sexual and gender diverse people at all levels of society. In July 2023, IPPF’s Sexual and Gender Diversity Center, led by Norway’s Sex og Politikk, held a meeting in IPPF’s Arab World Region. This brought together representatives from the Regional Office, MAs and community representatives from queer and sex worker organizations. The meeting’s key outcome in Tunis was the establishment of a regional network for LGBTQI+ organizations. It also provided an opportune moment for queer organizations and IPPF allies to come together in a safe space, in an otherwise hostile environment. Another meeting was held in Bangkok, Thailand, in December, gathering representatives from MAs from each region, as well as representatives from queer organizations and regional networks. The main topic of the meeting was gender affirmative care, with a particular focus on trans health. These are just two examples of the work IPPF’s Sexual and Gender Diversity Center is doing worldwide to advocate and create lasting and supportive environments for sexual and

We have increased diversity through targeted recruitment into the communities we serve and by introducing a new application process which embraces diversity and reduces barriers to entry. Gathering data on diversity is difficult because people often choose not to report. While the data gathered through our recruitment process is anonymous, it is not in our human resources information system. We are exploring alternative methods to this so we can make it anonymous for all.

Creating a safe organization

IPPF is committed to the safety and well-being of its staff, volunteers, and the people it serves. IPPF’s safeguarding measures are rooted in a victim/survivor centred approach and a zero-tolerance organizational culture that strives to prevent all forms of harm, including gender-based violence, bullying, harassment and sexual harassment in the workplace and sexual exploitation and abuse in the services IPPF provides.

Creating an environment conducive to reporting incidences of harm is imperative. IPPF’s confidential reporting mechanism – IPPF SafeReport – supports this environment and prioritizes training, open communication, and transparency about the nature of harm reported and the outcomes of investigation, where possible.

In 2023, the annual safeguarding refresher training was delivered to the Board of Trustees and all staff. All new Secretariat staff were required to attend safeguarding induction training within their first four weeks of employment. The Safeguarding and Incident Management Team conducted safeguarding assessments for large programmes, raising awareness of safeguarding issues and training. In early 2023, Safe Recruitment resources, application forms and guidance were launched to ensure that all recruitment

undertaken through the restructure and beyond was done following internationally prescribed best practices. The team also created a new Frequently Asked Questions resource for Secretariat staff on safeguarding which will be translated in Q1 2024 and available to all staff. A similar resource will be developed for MAs in 2024.

A new approach to providing support for Secretariat staff that report wrongdoing by other staff members was introduced in September 2023 following feedback from staff about how they would like support to be offered. One-to-one support is delivered by the Director, Safeguarding and Incident Management, at the time of the report and throughout the progression of the case to its conclusion, followed by a check-in once the case is closed.

In 2023, seven safeguarding concerns were reported to IPPF SafeReport, six related to MAs, and one related to the Secretariat. Six of the reported cases were about sexual harassment in the workplace and one was sexual abuse in a client service. IPPF will remain steadfast in its efforts to create a safer, more accountable environment – one that supports disclosures, and responds swiftly to disclosures of safeguarding.

gender-diverse populations.

----- Start of picture text -----
Types of issues that can be reported to IPPF SafeReport:
EQUALITY, EMPLOYMENT
FINANCIAL
DIVERSITY AND AND WORKPLACE
WRONGDOING
INCLUSION MATTERS
INFORMATION AND
SAFETY AND
SAFEGUARDING SERVICE PROVISION
SECURITY
TO CLIENTS
IPPF Humanitarian/Tigray
Refugee Crisis, Djibouti
42 | Nurture our Federation Nurture our Federation |
----- End of picture text -----

Nurture our Federation | 43

----- Start of picture text -----
IPPF Humanitarian/
Cook Islands
----- End of picture text -----

Building safer working environments

IPPF’s Security Team works across the Secretariat to assist all offices in their abilities to deliver across strategic objectives. In 2023, they directly supported Regional Offices in meeting governance standards, improving capacity and driving a broadening of risk-based management and objective setting. Similar processes have been undertaken with the Safe Abortion Action Fund (SAAF), Humanitarian and WISH2ACTION teams.

Security Programme, which is working with 10 organizations across IPPF’s regions to define both context and security needs. The objective is to not only build a pathway to a more sustainable security stance but also provide direct financial assistance in meeting prioritized needs.

Security also worked with the Humanitarian Team to provide support in the highest-risk environments, including Ukraine and Pakistan. The team embedded and rolled out regional policies and plans that dovetail with the global security management framework.

IPPF believes that creating a safe environment for all children, young people and vulnerable adults requires the cooperation of all volunteers, trustees, and staff. It is the responsibility of all to raise any safeguarding concerns they have or that are reported to them.

Safety and security are understood to be a need not only for those from the LGBTQI+ community but also for people who work in the sector. However, much of the response mitigations implemented are reactive and little has been done across the sector to define best practice. Having identified the gap, IPPF and the Security Team have devised a pilot project, the LGBTQI+

Extract of IPPF Safeguarding policy Policy 1.17 Safeguarding (Children and vulnerable adults)

Our Plans for 2024

Our new Come Together strategy affirms the universality of human rights and embraces the feminist core of SRHR. IPPF is committed to modernising care and advocacy by embracing youth leadership and using new technologies and digital platforms.

finance and make visible the interconnected relationships between sexual and reproductive health, HIV and LGBTQI+. We recognize our shared opposition and will stand together in declaring that there is no future where abortion is inaccessible and trans lives don’t matter.

The year 2024 will be pivotal for IPPF and we are aware of the challenges ahead. With the threat of anti-right movements and extreme governments looming large, the SRHRJ agenda is under threat and funding diminishing. It is a reality that cannot be ignored.

Following on from the IPPF sex work policy adoption in 2022, IPPF will invite a consortia of members to submit concepts for a two-year US$3.6 million consortium grant to support sex worker rights and health. Sex workers will play a meaningful role in all aspects of the proposed consortium work, including design, implementation, management, and evaluation.

In 2024, we will take decisive and collective action to improve care and support for marginalized populations. IPPF will stand firm on our core values and mission to offer choice, expand our reach, and fight for equality and hard-won rights. We will work to update care models by improving the use of digital health interventions and self-care options. We will partner with Femtech and community distribution initiatives to reach younger and more marginalized clients. Comprehensive sexuality education (CSE) will reach youth in new and appropriate ways, working with influencers and other social mediabased sources of sex information.

These are just some of the exciting people-centred projects we have in the pipeline for the next 12 months. Through it all, IPPF will remain accountable for what it does, how the work is carried out, and how the Federation’s actions affect the lives of the communities we serve.

In 2024, we will make greater strides to reach those most marginalized and build stronger and meaningful partnerships across sectors, specifically, LGBTQI+, sex workers, and indigenous communities. There is real excitement about engaging youth and cultivating youth leadership. We will achieve this through meaningful action, such as Kalavai: a new partnership between IPPF, Global Philanthropy Project (GPP), International Lesbian, Gay, Bisexual, Trans and Intersex Association (ILGA-W), Funders Concerned About AIDS (FCAA) and the Association for Women’s Rights in Development (AWID). Together, we aim to pool resources, mobilize

IPPF/ASTBEF/Chad

44 | Nurture our Federation

Our Plans for 2024 | 45

Financial Review

IPPF’s Financial Statements for the year 2023

IPPF Humanitarian/ Kenya Drought

46 | Financial Review

Statement of Reserves

IPPF’s reserves policy seeks to balance maximizing spending of income raised as soon as possible with maintaining the minimum level of reserves to ensure uninterrupted operation and to provide time to adjust to a change in financial circumstances.

IPPF’s reserves policy will ensure that it has the resources in place to manage financial risk and short-term income volatility and to continue to invest in initiatives to meet its goals set out in its strategic framework/plan.

The Board of Trustees have set the target unrestricted general reserve range from US$19 million to US$26 million, which it believes strikes an appropriate balance between the need to spend income when it is received and maintaining operational integrity. This represents 11 to 15 months of core Secretariat costs.

Note 15 to the financial statements shows the split of reserves between the general, designated, restricted and endowment funds. The total funds held at 31 December 2023, net off the pension liability US$3.4 million (2022: US$4.6 million), were US$91.6 million (2022: US$92.6 million). Of this, US$21.2 million (2022: US$24.1 million) was restricted funds and US$37.6 million (2022: US$39.2 million) was designated funds, while an additional US$1 million (2022: US$1 million) was held as a perpetual endowment fund with income generated from its investment exclusively for the Member Association in Cape Verde.

The general reserve level of the group as at 31 December 2023 was US$23.2 million, an increase of US$2.3 million from the balance of US$20.9 million at 31 December 2022, which is within the range set in IPPF’s reserves policy. The general reserve balance at 31 December 2023 of US$23.2 million represents 36.2% of budgeted unrestricted core expenditure for 2024 of US$64.1 million and provides necessary buffer in the cash flow required, as the majority of unrestricted funding is received in the second half of the financial year.

Unrestricted funds are designated at the discretion of the Board of Trustees. The total designated funds as at the end of 31 December 2023 is US$37.6 million (2022: US$39.2 million) within which US$5.7 million (2022: US$7.3 million) represents fixed assets reserves. Other funds designated for various projects include the Stream 2 Global Consortium Grant, Regional Forum and Policy Consultation, Defined Benefit Pension Liability Fund, Individual Giving Programme, Stabilisation Fund etc.

----- Start of picture text -----
Bolivia/Colectivo Rebeldía
----- End of picture text -----

Statement on Investments

There are no restrictions under the 1977 Act in relation to the charity’s powers to invest. IPPF’s investments include US$1.9 million held in listed security (2022: US$1.6 million) towards Cape Verde (endowment and restricted fund) and a property worth US$1.1 million (2022: US$1 million). The property was independently valued as at 31 December 2020 and IPPF believes it is appropriately carried at fair value by carrying out a desktop value assessment.

Financial Summary

Income for the year for the group decreased marginally by US$0.9 million (0.7%) from US$121.8 million in 2022 to US$120.9 million in 2023. Total expenditure decreased by US$1.8 million from US$124.7 million in 2022 to US$122.9 million in 2023, which led to a group net operating deficit before investments gains (combined for unrestricted and restricted funds) for the year of US$2 million (2022: US$3 million).

Total unrestricted expenditure of US$57.5 million (2022: US$57 million) covers grants to Member Associations and partners of US$35.4 million (2022: US$37.4 million), group Secretariat expenditure of US$20.3 million (2022: US$18.3 million) and fundraising costs of US$1.8 million (2022: US$1.3 million). The net operating unrestricted surplus for the year was US$2.8 million (2022: US$5.1 million).

Total restricted expenditure of US$65.3 million (2022: US$67.8 million) includes grants to Member Associations and partners of US$45 million (2022: US$46.4 million), group Secretariat expenditure of US$20.3 million (2022: US$21.4 million) and fundraising costs of US$ Nil (2022: US$ Nil). There was an overall restricted deficit of US$4.8 million (2022 Surplus: US$8.1 million). A full analysis of restricted projects balances and 2023 income and expenditure is available in note 15.

Financial Review | 47

Income

Unrestricted income in 2023 fell by US$1.7 million and restricted income increased by US$0.8 million compared to 2022. We would like to thank donors for the continuing trust they have placed in IPPF.

IPPF’s main source of funding is government grants, which account for 79.9% (2022: 85.5%) of total income. In 2023 unrestricted government funding decreased by US$6.1 million (10.6%) from US$58 million in 2022 to US$51.9 million in 2023.

Restricted government funding amounted to US$44.8 million, down from US$46.1 million in 2022. A full analysis of restricted projects balances and 2023 income and expenditure is available in note 15. The following governments were the major contributors to the restricted funding of IPPF: Government of United Kingdom, primarily through the WISH programme in Africa, South Asia and the Arab World, US$23 million; Government of Australia continued to provide support (US$6.2 million) in relation to multiple projects including the global SPRINT Initiative to provide sexual and reproductive health services to crisis and post-crisis areas in South East Asia, the Pacific, South Asia, and ‘RESPOND’ programme to respond to the additional SRH needs of communities affected by the COVID-19 pandemic in 22 countries; Government of United States (USAID) awarded a five-year programme “Expand Family Planning and Sexual and Reproductive Health” (ExpandPF) to improve access to and use of voluntary family planning services in poor and underserved urban and peri-urban populations in West and Central Africa.

The governments of the Netherlands, Norway, and UK provided funding of US$7.1 million to the Safe Abortion Action Fund.

The governments of Australia, Netherlands, Denmark, Norway, Sweden, Luxembourg, France, and Germany provided funding of US$1 million towards the Nexus programme.

Restricted grants from multilateral donors and other sources increased from US$13.5 million in 2022 to US$15.3 million in 2023.

Classification of Group Secretariat Costs by Strategic Pillars

----- Start of picture text -----
6%
US$2.4m
6%
US$2.3m
2023
33% 55%
US$13.3m US$22.6m
----- End of picture text -----

----- Start of picture text -----
5%
US$2m
11%
US$4.6m
2022 US$18.1m 46%
38%
US$15m
----- End of picture text -----

Nurture our Federation Centre Care on People Move the Sexuality Agenda Solidarity for Change

Expenditure

IPPF spent US$122.9 million in 2023 compared to US$124.7 million in 2022, a decrease of US$1.8 million (1.5%).

Grants to Member Associations and partner organizations decreased by US$3.4 million (4.1%) from US$83.8 million in 2022 to US$80.4 million in 2023.

Funds (including pension fund deficit)

Overall, the year ended with a deficit of US$2 million in 2023 compared to US$3 million in 2022. This deficit is further increased by an actuarial loss on the defined benefit pension scheme of US$0.6 million (2022: US$1.6 million) and unrealized foreign exchange loss on forward contracts of US$0.5 million (2022: US$2.2 million) and is reduced by other unrealized foreign exchange gains of US$2 million (2022 loss: US$3.6 million), leading to an overall decrease of US$1 million (2022: US$10.4 million) in IPPF’s total funds and reserves from US$92.6 million to US$91.6 million.

The general fund has increased by US$2.3 million, from US$20.9 million to US$23.2 million. Designated reserves have decreased by US$1.6 million, from US$39.2 million to US$37.6 million. The asset revaluation reserve has remained at the same level as 2022 at US$12.0 million. The restricted fund balance has decreased by US$2.9 million from US$24.1 million in 2022 to US$21.2 million in 2023.

The 2023 balance sheet contains a net pension liability of US$3.4 million. This represents a decrease in liability of US$1.2 million from the 2022 balance of US$4.6 million. The pension liability forms part of unrestricted funds and represents the total net future liability arising from the Central Office defined benefit pension scheme. The defined benefit scheme was closed in 2007; further details on the scheme are included in note 19 to the financial statements. Agreement has been reached with the scheme’s trustees on a recovery plan that will see the deficit cleared by October 2026 instead of October 2025.

Going Concern

IPPF continue to have multi-year agreements with key donors for both restricted and unrestricted funds. Ongoing engagement with these donors does not indicate any risk to the budgeted grants. Also, most of IPPF’s unrestricted core donors have a long and strong relationship with IPPF, which is expected to continue in the future and IPPF has multiple times demonstrated ability to reduce/control costs when there is a

Sexual education/Togo education sexuelle

risk of a reduction in core funding. As of the date, core funding for 2024 has been 100% committed of which 66.5% is contracted, and the remaining 34.5% has been awarded but not yet signed.

The Secretariat costs were contained at 29% of total core and overhead income. The projected cashflow position across all funding sources demonstrates a positive balance up to December 2025. The majority of unrestricted core income for 2024 has been hedged with forward contracts against US Dollar to ensure de-risking the unrestricted core budget. Similar practice will be continued upon signing of other funding agreement in currencies other than US Dollar. IPPF has also designated funds in the form of a stabilisation fund which provides funding in case of any significant cut by any donors that are undergoing negotiations for renewal of grant agreements.

IPPF has also earmarked designated funds to cover costs relating to its strategic initiatives to support delivery in specific areas of its strategic framework, whilst maintaining the general reserves in line with the general reserves policy approved by the Board of Trustees, which recommends a minimum level of reserves of US$19 million–US$26 million to ensure uninterrupted operation and to provide time to adjust to a change in financial circumstances. After all the designations, IPPF still has total general reserves for the year ended 31 December 2023 of US$23.2 million.

Considering all the factors above including assessing the current events and conditions, the Board of Trustees and the management are of the view that IPPF is a going concern until at least 31 December 2025.

48 | Financial Review

Financial Review | 49

Structure, Governance and Management

Governing Document

transforming IPPF’s governance structures and resource allocation system.

IPPF was formed in 1952 and incorporated in 1977 under a UK Act of Parliament: The International Planned Parenthood Federation Act 1977. The Board of Trustees confirm that the strategic framework (as described on pages 6 and 7) is in alignment with the purposes stated in the Act.

These recommendations by the General Assembly were approved by the then Governing Council are reproduced below.

IPPF is a Member Association-led governance structure that is accountable to the membership and the people IPPF serves.

Public Benefit

The Charity Commission guidance on public benefit has been considered and the recommended self assessment for the public benefit principles undertaken. The Board of Trustees confirms that the aims of the organization as stated in The International Planned Parenthood Federation Act 1977 meet the charitable purposes as outlined in the Charities Act 2011. Specifically, IPPF is engaged with purposes in relation to the “advancement of health or the saving of lives” and the “advancement of human rights”.

The new governance structure removes intermediary layers between MAs and global governance and will advance IPPF’s mission through:

General Assembly

The highest decision making authority of the IPPF will be a General Assembly that has the mandate to review and approve IPPF’s strategic direction, appoint members of a Nominations and Governance Committee (“NGC”), and confirm the slate of candidates the NGC proposed to be on the Board of Trustees (“BoT”), among other responsibilities.

IPPF’s mission is to improve sexual and reproductive health and rights for millions of women, men and young people around the world. IPPF works through one Member Association/Collaborative Partner in each of the 151 countries delivering sexual and reproductive health services, education programmes, advocating on policy changes and other similar activities, to deliver its mission. IPPF monitors this delivery by monitoring global indicators and service statistics, that track delivery and upholding of sexual and reproductive health and rights for the poor, marginalized, socially excluded and/or under served groups.

Nomination and Governance Committee

Under IPPF’s new regulations, the Nominations and Governance Committee (NGC) has the mandate to recruit and evaluate the performance of members of the Board of Trustees and the Board committees. Reporting to the General Assembly, the NGC is a seven person committee that has majority MA members, at least half of whom must be women and at least 20% of whom must be youth under 25.

Board of Trustees

The current Governing Council was replaced in May 2021 with a 15 member, skills based BoT that has nine MA volunteers and six external trustees and maintains IPPF’s commitment to at least 20% representation of youth, 50% representation of women, geographical diversity, and representation of vulnerable or at risk populations.

Governance

Until May 2020, IPPF was governed by a Governing Council, composed of 18 volunteers from Member Associations (also known as the Trustees). In addition to the 18 Trustees, the IPPF Governing Council had six external advisors, who were to act as subject matter experts and advise the Governing Council on IPPF policy. These six external advisors did not have any voting rights in the Governing Council.

Board Committees

Four Standing Committees will support the governance function of the BoT: Membership; Finance, Audit and Risk; Policy, Strategy and Investment; and Resource Allocation Technical Committees. Each of these committees will have a majority of members from MAs and external members.

In May 2020, the Governing Council was replaced by a Board of Trustees following the reforms described below.

Regional Forums and Regional Youth Forums

Reforms

The previously existing Regional Councils have been transformed into knowledge and learning exchange platforms, called Regional Forums, that will be preceded by Regional Youth Forums. These are no longer governing bodies.

In an ad hoc extraordinary General Assembly meeting of all the MAs held in New Delhi in November 2019, more than 90% of IPPF’s MAs reached a historic consensus on bold recommendations for

Adopted Governance Model

----- Start of picture text -----
Regional General General Assembly = peak body
Assemblies &
Youth Forum Assembly Non-governing regional assemblies
and youth forums
Nominations
and Board of
Director General
Governance Trustees
Committee
Resource
Membership Finance, Audit and Risk and Investment Policy, Strategy Allocation
Committee and Technical
Committee Committee
Committee
----- End of picture text -----

Governance by a Board of Trustees Secretariat reports to Board of Trustees through the Director General

Expert Committees advising the Board of Trustees

and Procedural Byelaws, financial and compliance oversight, Trustees’ and NGC roles and responsibilities with regards to Charity Commission expectations.

Selection and Recruitment

of the Board of Trustees

The Board of Trustees meets at least three times a year. Meetings may be held in person (no more than twice a year) or by suitable electronic means agreed by the Board in which all participants may communicate with all other participants. In addition, extraordinary meetings of the Board may be called by the Chair or by one third of the Trustees.

The names of the incoming Board of Trustees and the Nomination and Governance Committee members are provided on page 86.

Resource Allocation

The new resource allocation model determines the use of IPPF’s unrestricted core funding across the Federation, including to the Secretariat. The funding flows through three separate streams.

Since its first appointment, approximately one third of the Board of Trustees has rotated on an annual basis to ensure institutional knowledge while injecting into the board a new stream of trustees. The Nominations and Governance Committee (NGC) leads the recruitment process with a call for nominations for internal and external candidates. Following a rigorous process of shortlisting against the set criteria, the NGC interviews candidates and puts forward the potential Trustees for the available vacancies within the Board of Trustees and its Committees. Such recruited candidates are appointed or reappointed for a second and last term by the Board of Trustees and the General Assembly confirms the Trustees appointment or reappointment. This was the case in May and November 2022 and June 2023.

Stream 1 of the model, known as Accelerating Delivery, is the largest stream, with a minimum of 80% of all unrestricted funds flowing through it. The indicative allocation amounts are determined by a transparent formula based on set national criteria, including unmet need and country income status. To access funding under Stream 1, IPPF members and the Secretariat will have to develop and submit organizational business plans for each of the funding cycles.

The business plans will outline the organizational context, overall outcomes, strategies, results, as well as the expected budget in the given time period. The business plan covers the entire remit of the organization’s activities, outputs and budget.

As soon as new Trustees are appointed and confirmed and new NGC members elected by the General Assembly, a multi-disciplinary team provides an induction to them. The induction includes the term of references, the strategic framework, the history of IPPF, governing bodies, processes and evaluation, IPPF Regulations

The first funding cycle ran for a single calendar year (2022) and is followed by a three-year cycle (2023–25) which will coincide with the mid term of the new strategic period. The stream introduced

50 | Financial Review

Financial Review | 51

greater transparency in the distribution of funds, greater accountability for its use, and greater predictability of funding for the applicants.

Stream 2 of the new model is dedicated to strategic initiatives, and it is also known as the Strategic Fund. The purpose of the Strategic Fund is to support MA initiatives in the areas of the strategic framework that require additional investment and focus and that will help IPPF deliver its global outcomes. It was introduced at the wishes of the membership to have a more dynamic model, which allowed the Federation to capitalize on strategic opportunities when they emerge.

Stream 3 of the new model is a funding stream that can receive up to 5% of the annual unrestricted core funding to enable IPPF to provide life saving SRHR services in humanitarian crisis. All funds are subject to approval by the IPPF Board of Trustees, who also agree the annual strategic themes of the fund.

Organization

IPPF has a unified Secretariat that carries out the policies and functions as approved by the Board of Trustees. The Secretariat has its main offices in London, Nairobi, Tunis, Kuala Lumpur, Brussels, New Delhi, Bogota and Port of Spain.

In addition to this, Secretariat functions are also carried out in Abidjan (Sub Regional Office for West and Central Africa), Fiji (Sub Regional Office for the Pacific), Australia (Resource Mobilization Office), and New York, (IPPF Worldwide Inc.).

The senior management, known as the Directors’ Leadership Team, comprises: the Director General who is based in the London Office; six Regional Directors who report to the Director General; and four London Office Divisional Directors. Further details are on page 87.

Risk Management

The Board of Trustees is responsible for ensuring that IPPF has a sound system of internal control to safeguard its assets and funds, and for ensuring that its assets and funds are used only in furtherance of IPPF’s objectives. The Trustees have ultimate responsibility for identification of the risks to which IPPF is exposed.

The system of internal control is intended to manage risks appropriately, rather than eliminate them and to give reasonable, rather than absolute assurance. The risk management framework approved by the Trustees includes the following measures:

Risk management is embedded across the organization through use of project, programme and Regional Office risk registers. Risks raised on the operational risk registers are monitored and reviewed by senior staff and inform the organizational risk register.

Each risk is analysed according to its perceived potential impact and likelihood of occurring, together with actions that either have been, or will be, taken in mitigation.

The internal audit function carries out a programme of audits across all operations and activities based on an annual internal audit plan approved by the Finance, Audit and Risk Committee.

IPPF Incident Management Data Relating to Financial Wrongdoing

IPPF has zero tolerance of corrupt practices of any type or in any circumstances. We aim to maintain the highest standards of openness, decency, integrity and accountability in our work.

Everyone who works with or for IPPF must be vigilant for signs of wrongdoing or criminal activity and is encouraged to report suspicions about criminal practices, misconduct, or serious concerns about any aspect of IPPF’s work in accordance with our raising a concern process. Our Raising a Concern Policy encourages anyone to report any serious concerns they have, without fear of punishment or unfair treatment.

IPPF’s systems aim to keep a whistleblower safe by protecting confidentiality and offering anonymity. To ensure the safety of whistleblowers, IPPF undertakes to treat all whistleblowing reports as either confidential or anonymous. The choice between confidential or anonymous whistleblowing is entirely that of the whistleblower.

The Directors’ Leadership Team and senior managers often remind people of their duty to report any wrongdoing through various channels, so the process of reporting is fully understood.

Serious incidents have been reported to the relevant donors and UK bodies, including the Charity Commission, as appropriate, and in accordance with IPPF’s ‘Raising a Concern’ and ‘Confidentiality and Information Sharing’ policies.

IPPF’s Fraud Policy, Financial Crime Policy and the Policy to Combat Bribery underpins our operational practices in the areas of fraud and risk. These policies require all incidents or allegations of fraud, loss, and bribery to be reported regardless of financial materiality and ensures a consistent approach to fraud awareness, prevention, reporting, and investigations across IPPF.

Despite our enhanced approach to fraud prevention, the reality is that from time to time we will be victims of corrupt practices. The table below shows the number of reports across IPPF, including its Member Associations, relating to financial wrongdoing that were submitted to IPPF SafeReport, our independent, confidential reporting service:

INCIDENT TYPE
Corruption and bribery
Fraud		 2023
0
7		 2022
1
11		 2021
1
5		 2020
1
11
Malpractice
Deception		 11
0		 3
1		 5
-		 5
-
TOTAL 18 16 11 17

In 2023 we received 58 new concerns and closed 75 concerns. The 58 concerns received relate to six reportable issue types including financial wrongdoing, so this figure includes the 18 financial wrongdoing concerns mentioned above.

The Modern Slavery Act (UK)

IPPF adopted a policy in relation to Forced Labour and Human Trafficking in November 2016, which considered the requirements of the UK Modern Slavery Act along with other international laws and guidance on this subject area. In 2022, we completed a self assessment to ascertain what areas of development we need to undertake to ensure modern slavery prevention flows through IPPF’s work and supply

chains. IPPF’s modern slavery statement was planned to be updated in 2023. However, due to organizational restructuring it couldn’t be updated in 2023 and will be updated in 2024.

IPPF remains committed to the eradication of modern slavery and will work to ensure that all people have the right to protection from abuse and exploitation. Further information can be found on IPPF’s website:

www.ippf.org/about-us/accountability-old/statement-against-forced-labour-human-trafficking

52 | Financial Review

Financial Review | 53

Safeguarding Training Compliance

Gender Pay Gap

During 2023, IPPF continued to require anyone who works for the Secretariat to complete new starter safeguarding induction training and annual safeguarding refresher training.

The gender pay gap is a measure showing the difference in average earnings between men and women. This was completed by using a snapshot of data from the global Human Resources Information System.

New starter safeguarding induction training

90% of new staff attend global safeguarding induction training delivered by the Head of Safeguarding. 60% of those who attended did so within four weeks of their start date.

A total headcount of 275 employees used; this included employees from all levels and geographies including hosted programmes. Of the 275 employees, 86 are male (31%) and 189 are female (69%).

Safeguarding refresher training 2023

Overall, females are remunerated slightly higher than males:

Completion compliance was at 91% by 31 December 2023 as compared to 95% in 2022.

GENDER MEAN DIFFERENCE MEDIAN DIFFERENCE
Male 48.7% 49.1%
Female 51.3% 2.6% 50.1% 1%

----- Start of picture text -----
IPPF/Hannah Maule-ffinch/Maldives
----- End of picture text -----

Statement of the Members of the Board of Trustees responsibilities in respect of the Board of Trustees Annual Report and Financial Statements

Breakdown by quartile:

QUARTILE BREAKDOWN
Lower Quartile Male
Lower Quartile Female
2ndQuartile Male		 HEADCOUNT
20
48
24		 %
29%
71%
35%		 MEAN
8.87
8.42
22.34
HOURLY		 MEDIAN
8.63
8.32
22.21
RATE
2ndQuartile Female 45 65% 23.78 24.98
3rdQuartile Male
3rdQuartile Female		 22
47		 32%
68%		 34.71
34.67		 35.05
35.15
Top Quartile Male 20 29% 58.48 49.33
Top Quartile Female 49 71% 61.95 56.94
TOTAL 275

The mean rate for females in quartiles 2 and 4 is higher than males with a variance of 6.5% and 5.9% respectively. The female median rate is 12.5% and 15.4% higher than male counterparts.

Males have a higher mean rate in quartile 1 (5.4%) and a slightly higher rate (0.1%) in quartile 3. Females in quartile 3 have a slightly higher median rate (0.3%) than their male counterparts. The median variance between males and females in quartile 1 is 3.7%.

The Board of Trustees is responsible for preparing the Board of Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. The law applicable to charities in England and Wales requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Board of Trustees is required to:

The Board of Trustees is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Board of Trustees is responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved on behalf of the Board of Trustees on 21 June 2024.

Kate Gilmore

Chair

54 | Financial Review

Financial Review | 55

Independent Auditor’s Report

to the Trustees of International Planned Parenthood Federation

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Opinion

We have audited the financial statements of International Planned Parenthood Federation (‘the charity’) and its subsidiaries (‘the group’) for the year ended 31 December 2023 which comprise the group statement of financial activities; the group and charity balance sheets; the consolidated cash flow statement; and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement set out on page 55, 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 to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the group and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable 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 group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustee's 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 doubt on the charity's or the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members including internal specialists and significant component audit teams. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

Other information

The Trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We obtained an understanding of the legal and regulatory frameworks within which the charity and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity and the group for fraud. The laws and regulations we considered in this context for the UK operations were anti-fraud, bribery and corruption legislation, taxation legislation and employment legislation. We also considered compliance with local legislation for the group’s overseas operating segments.

We have nothing to report in this regard.

56 | Independent Auditors’ Report

Independent Auditors’ Report | 57

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant and contract income; end use of funds including funds granted to member associations and partner organizations; and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, internal audit and the Finance, Audit and Risk Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility 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.

Crowe U.K. LLP Statutory Auditor London

Date: 21 June 2024

Crowe U.K. LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Consolidated statement of financial activities

for the year ended 31 December 2023

2023 2022
Notes
Unrestricted
Restricted
Endowment
Total		 Unrestricted
Restricted
Endowment
Total
US$’000
US$’000
US$’000
US$’000		 US$’000
US$’000
US$’000
US$’000
Income from:
Donations and legacies
Grants from governments
2
51,880
44,753
-
96,633		 58,006
46,080
-
104,086
Grants from multilaterals and
other sources
3
1,074
15,335
-
16,409		 1,016
13,456
-
14,472
Donations and legacies from others
4,625
159
-
4,784		 1,711
142
-
1,853
Other trading activities
(99)
-
-
(99)		 402
-
-
402
Income from Investments
4
2,852
269
-
3,121		 688
2
-
690
Other income
42
-
-
42		 264
20
-
284
Total income and endowments
60,374
60,516
-
120,890		 62,087
59,700
-
121,787
Expenditure on:
Raising funds
Central fundraising
7
1,403
-
-
1,403		 1,214
-
-
1,214
Regional fundraising
6
430
-
-
430		 133
-
-
133
Investment management costs
-
-
-
-		 -
-
-
-
Charitable activities
Grants to Member
Associations and Partners
5
35,368
44,999
-
80,367		 37,355
46,405
-
83,760
Central expenditure
7
7,708
11,573
-
19,281		 6,518
11,615
-
18,133
Regional expenditure
6
12,638
8,739
-
21,377		 11,738
9,765
-
21,503
Total expenditure
57,547
65,311
-
122,858		 56,958
67,785
-
124,743
Net operating (expenditure)/
income before investment (losses)/
gains
2,827
(4,795)
-
(1,968)		 5,129
(8,085)
-
(2,956)
(Losses)/ gains on investment
assets
-
-
-
-		 -
-
-
-
Net (expenditure) income
2,827
(4,795)
-
(1,968)		 5,129
(8,085)
-
(2,956)
Transfer between funds
(1,944)
1,944
-
-		 92
(92)
-
-
Other recognized gains/ (losses)
Actuarial gain/ (loss) on defined
benefit pension scheme
(601)
-
-
(601)		 (1,613)
-
-
(1,613)
Foreign exchange gain/
(loss) on forward contract
21
(495)
-
-
(495)		 (2,164)
-
-
(2,164)
Unrealized foreign exchange
loss taken to reserves
2,104
(58)
-
2,046		 (3,576)
(51)
-
(3,627)
Net movement in funds
1,891
(2,909)
-
(1,018)		 (2,132)
(8,228)
-
(10,360)
Reconciliation of funds
Total funds brought forward
at 1 January
67,501
24,143
1,000
92,644		 69,633
32,371
1,000
103,004
Transfer of funds from other regions
-
-
-
-		 -
-
-
-
Net movement in funds for
the year
1,891
(2,909)
-
(1,018)		 (2,132)
(8,228)
-
(10,360)
Total funds carried forward
at 31 December
69,392
21,234
1,000
91,626		 67,501
24,143
1,000
92,644

There are no recognized gains and losses other than those included above. All the above results arise from continuing operations. The notes on pages 62 to 85 form part of these financial statements.

58 | Independent Auditors’ Report

Consolidated Statement of Financial Activities | 59

Balance Sheet as at 31 December 2023

Consolidated cash flow statement

2023 2022 2023 2022
Total Total Total Total
US$’000 US$’000 US$’000 US$’000
Notes Charity Charity Group Group
Fixed assets
Tangible assets
9		 15,513 15,370 17,733 17,874
Investments
10		 13,380 14,267 3002 2,650
Long-term loans
11		 - - 83 81
Total fixed assets 28,893 29,637 20,818 20,605
Current assets
Stock 143 339 143 339
Debtors
12		 9,900 15,124 4,127 14,805
Short-term loans
11		 103 47 103 47
Cash at bank and in hand 74,995 71,712 91,398 81,646
Total current assets 85,141 87,222 95,771 96,837
Creditors: amounts falling due within one year
13		 (17,362) (16,753) (19,486) (16,542)
Total current liabilities (17,362) (16,753) (19,486) (16,542)
Net current assets 67,779 70,469 76,285 80,295
Total assets less current liabilities 96,672 100,106 97,103 100,900
Provisions for liabilities
14		 (32) (17) (463) (811)
Net assets excluding pension and forward contract liabilities 96,640 100,089 96,640 100,089
Forward contract liabilities (1,650) (2,870) (1,650) (2,870)
Defined benefit pension scheme liability
19		 (3,364) (4,575) (3,364) (4,575)
Total net assets including pension and forward contract liabilities 91,626 92,644 91,626 92,644
Represented by:
Unrestricted:
15
General 23,176 20,894 23,176 20,894
Designated 37,580 39,182 37,580 39,182
Revaluation reserve 12,000 12,000 12,000 12,000
Restricted 21,234 24,143 21,234 24,143
Endowment 1,000 1,000 1,000 1,000
Total funds and reserves excluding pension liability 94,990
 97,219
 94,990
 97,219
Pension liability
19		 (3,364) (4,575) (3,364) (4,575)
Total funds and reserves including pension liability 91,626 92,644 91,626 92,644

Approved on behalf of the Board of Trustees on 21 June 2024. The notes on pages 62 to 85 form part of these financial statements.

Kate Gilmore Elizabeth Schaffer Chair Trustee and C-FAR Chairperson

Statement of cash flows for the year ended 31 December 2023

2023 2022
Notes US$‘000 US$‘000
Net cash (outflow)/inflow from operatingactivities A 4,634 (8,324)
Cash flows from investingactivities:
Interest received and similar income 3,121 690
Purchase of tangible assets (10) (84)
Sale of tangible assets 17 30
Purchase of marketable securities - (1,600)
Sale of marketable securities - 1,665
Net cash flows from investingactivities 3,128 701
Cash flows from financingactivities:
Longterm loan repayments received/ (made) - 16
Repayment of short-term loan - (3,000)
Decrease in short term deposits (56) 101
Net cash flows from financingactivities (56) (2,883)
Increase in cash B 7,706 (10,506)

Note A: Reconciliation of net income to net cash inflow / (outflow) from operating activities

2023 2022
US$‘000 US$‘000
Net operating(expenditure) income
Net (outgoing)/ incomingresources (1,968) (2,956)
Interest receivable and similar income (3,121) (690)
Depreciation and impairment 581 567
Exchange movements on tangible assets (447) 1,655
Exchange movement on investments (352) 87
Exchange movement on long-term loans (2) -
Increase/ (decrease) on pension liability (601) (1,613)
Unrealizedgain/ (loss) on forward contract (495) (2,164)
Movements in workingcapital
Decrease/ (increase) in stock 196 (256)
Decrease/ (increase) in debtors 10,678 (4,800)
(Decrease)/ increase in creditors 2,944 (250)
(Decrease)/ increase in provisions in pensions (1,211) (318)
(Decrease)/ increase in provisions (348) (274)
(Decrease)/ increase in provisions in forward contract (1,220) 2,688
Net cash (outflow)/ inflow from operatingactivities 4,634 (8,324)

Note B: Reconciliation of net cash flow to movements in net debt

2023 2022
US$‘000 US$‘000
Increase in cash in the year 7,706 (10,506)
Movement on foreign exchange 2,046 (3,627)
Change in cash for the year 9,752 (14,133)
Net cash at 1 January 81,646 95,779
Net cash at 31 December 91,398 81,646

Note of explanation

Cash balances are historically higher on 31 December each year due to the timing of government receipts, many of which are received in the last quarter of the financial year. However, the timing of grant payments to Member Associations means that the cash funds are significantly reduced in the first quarter of each financial year. The cash balance also includes restricted funds for use in the following years.

60 | Balance Sheet

Consolidated Cash Flow Statement | 61

Notes to the financial statements

Commercial trading activities

Income from commercial trading activities is included in the period in which they are earned.

1. Accounting Policies

Basis of accounting

These financial statements have been prepared under the historical cost convention with items recognized at cost or transaction values unless otherwise stated in the relevant notes to these accounts. The financial statements are prepared under the historical cost convention, in accordance with the ‘Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)’ (“Charities SORP (FRS 102)”), and applicable UK law and the Charities Act 2011. IPPF meets the definition of a public benefit entity under FRS 102. The charity meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemption available to it in respect of its separate financial statements in relation to presentation of a cash flow statement.

Going concern

The Trustees assess whether the use of going concern is appropriate i.e., whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of approval of the financial statements. In making this assessment, the Trustees have considered all the current events and conditions, as well all information currently available about the future impact on its unrestricted income and reserves.

The members of the Board of Trustees have reviewed IPPF’s financial position, its level of net assets and its future cashflow forecasts, which take into account the impact of future activities, and believe it is appropriate to continue to produce the financial statements on a going concern basis.

Donations and grants

Grants from governments and other agencies have been included as donations as these relate to core funding or are provided for a general purpose rather than being service agreements. These are included in income when these are receivable, except as follows:

Legacies

Legacies, if any, are recognized when the following three conditions are met a) the charity is entitled to control the legacy resource and determine its future application, b) receipt is probable and c) the resource can be measured monetarily with sufficient accuracy.

Investment income and interest

Investment income in the form of dividends together with interest and rental income from the investment property is included when receivable by the charity.

Donation in Kind – Income

Basis of preparation

IPPF exists as an entity incorporated in the UK under the provisions of the IPPF Act (“the charity”). Its registered address is at 4 Newham’s Row, London, SE1 3UZ United Kingdom and its activities are undertaken through a Secretariat of which there is a Central Office. IPPF is a registered charity with the Charity Commission for England and Wales.

IPPF America and Caribbean Region (“ÄCRO”), Arab World Region (“AWRO”), East and South-East Asia, and Oceania Region (“ESEAOR”) and South Asia Region (“SARO”) are not separate legal entities, and their results are included in those of the charity.

Donations in kind are included in donations, where the amounts are material, at their market value. Commodities donated to IPPF for distribution to Member Associations are recognized at their market value as income to the extent that they have been received in the year.

IPPF wishes to acknowledge the immense ongoing contribution it receives from its volunteers, in terms of the time, hard work, and personal commitment given to IPPF and its objectives. IPPF does not believe it is possible, or desirable, to place a monetary value on this contribution, and subsequently does not recognize volunteer time as income in the financial statements. IPPF does not believe there is a concise, workable, or accurate method of quantifying this contribution, or establishing how this contribution is expressed in financial terms.

Subsidiaries

IPPF Worldwide Inc. (“WWI”) is a separately registered not-for-profit. This is established for the purpose of receiving funding from organizations based in the United States of America. The Directors of the company are Central Office Divisional Directors. Their results are included with those of the group.

IPPF Africa Region (Nairobi, Kenya and Abidjan, Cote d’ Ivoire) (“ARO”) and IPPF Europe Network (“EN”) are separate legal entities in Nairobi, Kenya and Brussels, Belgium respectively. As subsidiaries they use the name of the charity to raise funds exclusively for IPPF and/or its local activities. They represent themselves publicly as the charity’s local representative. Their results have been consolidated on a line-by-line basis in the statement of financial activities (“SOFA”) and balance sheet as part of the group.

IPPF had a dormant trading subsidiary, International Contraceptive and SRH Marketing Limited (trading as ICON), which was dissolved in 2022. Up until 31 August 2013 this entity was engaged in commodity supply services and social marketing of contraceptives in conjunction with Member Associations.

Income

Income is recognized when the group/ charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. See also the separate deferred income policy.

Deferred income

Deferred income comprises amounts received in the period, which the donor has given for use in future accounting periods and there is no entitlement to the funds at the year end.

Donation in Kind – Expense

Donations in kind supplied to Member Associations and partners are recorded as grants to Member Associations and partners at the cost of procurement plus related delivery expenses upon distribution to Member Associations and partners.

Expenditure and basis of allocation of costs

Grants payable to Member Associations of cash and commodities (being contraceptives and related goods) represent direct aid to affiliated and non-affiliated organizations. Cash grants to Member Associations can either be core grants or restricted grants. Core grants are generally given on an annual basis, while restricted grants may relate to multiple years. Grant payables are accounted for once all conditions that would limit recognition of the funding commitment have been met. Grant commitments which do not meet all the recognition conditions of Grant payable are disclosed separately as ‘Grant Commitments’ in note 17.

Expenditure other than grants is classified between regional and central activities. Regional activities are those carried out by the Regional Offices serving local Member Associations. Central activities are exclusively those of the Central Office, which serve IPPF as a whole.

Costs of generating voluntary income comprise the costs incurred in commercial trading activities and fundraising. Fundraising costs include all direct costs including personnel costs, publicity material and direct mailing material.

Programme activities represent expenses directly attributable to the issuing or monitoring of grants to Member Associations as well as providing technical assistance to allow the grant recipients to implement programmes effectively. At the Regional Offices most staff are involved as focal points for a selected number of Member Associations as well as being an expert in a technical area e.g. HIV/AIDS, Advocacy, and Accreditation. Central Office staff generally provide technical support to Regional Office staff and indirectly to Member

62 | Notes to the Financial Statements

Notes to the Financial Statements | 63

Associations.

Support costs represent expenses on activities that are not directly attributable to programme activities and include general management, finance, office facilities, human resources and information technology and governance. Support costs are allocated to programme activities based on staff costs.

Redundancy costs are recognized as immediate costs and charged to the statement of financial activities. Provision for future redundancy costs is measured at a best estimate of the expenditure that would be required to settle the obligation at the reporting date.

Where IPPF acts as an agent for another party upon specific projects, all costs and overheads recovered are netted off against those costs. Where overheads on IPPF’s own projects are recovered by way of donations and grants, these and their related costs are not netted off but are shown separately.

Foreign currency

IPPF’s financial statements are presented in US dollars. While IPPF receives income in many currencies, most of IPPF’s expenditure is denominated in US dollars. The following Secretariat offices use their local currencies as their functional currencies: London (Pound sterling), Tunis (Tunisian dinar), Delhi (Indian rupee), Brussels (Euro), Kuala Lumpur (Malaysian ringgit), and Suva (Fijian dollar).

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction to translate into the base currency of each component. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date to translate into the base currency, and the gains and losses on translation are included in the statement of financial activities.

The results are translated, where required, into the presentational currency of US dollars at the average rate of exchange during the year for the statement of financial activities, and the year-end rate for the assets and liabilities. Gains and losses arising on these translations are taken to the General Reserve.

Taxation

Leased assets

IPPF is a registered charity and has no liability to corporation tax on its charitable activities under the Corporation Tax Act 2010 (chapters 2 and 3 of part ii, section 466 onwards) or Section 256 of the Taxation for Chargeable Gains Act 1992, to the extent surpluses are applied to its charitable purposes.

Tangible fixed assets

All assets costing more than US$5,000 are recognized. Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. All assets are depreciated in line with their expected useful lives using the straight-line method at the following rates:

Freehold land
Freehold buildings
Office furniture		 no depreciation
2 – 5%
10%
Office equipment 20%
Computer hardware
Vehicles		 33%
33%
Fittings and Fixtures 33%
Freehold improvements 10%
Leasehold improvements period of lease

Any gains or losses on disposals of fixed assets are taken to the Statement of Financial Activities in the year in which they occur.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Provisions

Provisions for liabilities are recognized when there is a legal or constructive obligation for which a measurable future outflow of funds is probable.

Provision is made, where material, for the present value of future liabilities and losses which have occurred during the financial year and identified up to the date on which the financial statements are approved by Board of Trustees. The recognition of a provision is in accordance with FRS 102. The charge for a provision is made against the expenditure to which it relates.

Contingent liabilities

Contingent liabilities are disclosed in accordance with FRS 102. No recognition is made in the Statement of Financial Activities. Where it becomes probable that there will be a future outflow of resources the liability will cease to be contingent and is accrued in the financial statements. Full details on each contingent liability are disclosed in note 18.

Financial instruments and financial liabilities

Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value. The charity uses derivative financial investments to reduce its exposure to foreign exchange risk. In line with the charity’s risk management policies, the charity does not enter into speculative derivative contracts. Derivatives are initially recognized at fair value at the date a derivative contract is entered into and are subsequently re-measured to their fair value at each reporting date. The resulting gain or loss is recognized in the Statement of Financial Activities.

Investments

Investments are valued at fair value at the balance sheet date. All gains and losses are taken to the Statement of Financial Activities as they arise and allocated to funds in line with the amounts held.

Investment properties are included within fixed assets, valued at fair value, and not depreciated. Full valuations are made every five years by a qualified external valuer, and in each other year there is a management assessment of fair value. Fair value of the investment property is considered to be the open market value. Any material increase or decrease in value is reflected in the Statement of Financial Activities.

Investments in subsidiaries are reported on net asset value (NAV) method based on management’s assessment that NAV method reflect the fair value of its subsidiaries since substantial value of the assets of subsidiaries comprise of current assets and current liabilities, which are highly liquid in nature. Any increase or decrease in the value is reflected in the Statement of Financial Activities.

Stock of goods

Purchased stock is valued at the lower of cost and net value and consists of contraceptives and related medical equipment. Donated items of stock are recognized at fair value which is the amount the charity would be willing to pay for the items in the open market.

Trade and other debtors are recognized at the settlement amount due after any discount offered and net of the bad debt provision. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and provisions are recognized where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognized at their settlement amount after allowing for any trade discounts due.

Pension contributions

IPPF contributes to both a closed defined benefit scheme and a number of defined contribution pension schemes (see note 19). Defined contribution scheme costs are charged to the Statement of Financial Activities as they are incurred.

IPPF makes contributions to the Central Office defined benefit pension scheme (closed to new members from 1 September 2003 and current members from 1 September 2007) based on the advice from triennial actuarial valuations. Any material deficiencies or surpluses that arise are dealt with by changes to the level of contributions. In accordance with FRS 102, the Statement of Financial Activities includes: the cost of benefits accruing during the year in respect of current and past service (charged against net expenditure); the expected return on the scheme’s assets and the increase in the present value of the scheme’s liabilities arising from the passage of time (shown as pensions finance charge); actuarial gain recognized in the pension scheme (shown within net

64 | Notes to the Financial Statements

Notes to the Financial Statements | 65

movement of funds). The balance sheet includes the deficit in the scheme taking assets at their year-end market value and liabilities at their actuarially calculated values.

Critical accounting judgements and key sources of estimation uncertainty

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

Key estimates

Pensions : Estimates of the net liability to pay pensions depends on a number of complex judgements relating to the discount rate used, the rate at which salaries are projected to increase, changes in retirement ages, mortality rates and expected returns on pension funds’ assets. A firm of consulting actuaries is engaged to provide IPPF with expert advice reporting the assumptions to be applied.

During the year the liability moved from US$4.57 million to US$3.36 million as a result of assumptions being updated, differences in actual experiences against expectation, and exchange rate movements. Further details are in note 19.

There are no other critical estimates or judgements.

Funds

IPPF maintains five types of funds:

2023 2022 2023 2022
Country Local Currency (LC) LC'000 LC'000 US$'000 US$'000
Australia Australian dollar 9,423 4,660 6,217 3,354
Australia US dollar - 123 - 123
Belgium Euro 250 200 274 199
Canada Canadian dollar 960 2,965 682 2,370
Canada US dollar 481 - 481 -
China US dollar 697 1,328 697 1,328
Denmark Danish krone 2,518 790 370 111
France US dollar 63 - 63 -
France Euro 1,620 2,874 1,775 2,967
Germany Euro 255 (42) 276 (45)
Japan US dollar 2,232 (36) 2,232 (36)
Luxembourg Euro 123 - 134 -
Netherlands Euro 64 75 68 76
Netherlands US dollar 2,268 609 2,268 609
New Zealand New Zealand dollar 2,204 - 1,382 -
New Zealand US dollar - 32 - 32
Norway Norwegian krone 44,000 23,600 4,240 2,443
Norway US dollar - 984 - 984
Spain US dollar - 212 - 212
Sweden Swedish krona 2,000 128 186 12
Switzerland US dollar 20 280 20 280
United Kingdom British pound 18,399 25,560 23,048 31,061
United States of America US dollar 340 - 340 -
Restricted 44,753 46,080
Total restricted and unrestrictedgrants fromgovernments 96,633 104,086

3. Income from Multilaterals and Other Sources

Transfers between funds are made upon designation of unrestricted funds by the Trustees or where the donor restrictions allow with appropriate disclosure in note 15. Other recognized gains and losses are allocated to funds in line with the restrictions on the funds which generated such gain/loss.

2. Grants from Government

2023 2022 2023 2022
Country Local Currency (LC) LC'000 LC'000 US$'000 US$'000
Unrestricted
Australia Australian dollar 4,500 4,000 2,925 2,570
Denmark Danish krone 60,000 70,000 8,054 9,612
Finland Euro 2,000 1,750 2,193 1,789
Germany Euro 14,946 17,000 15,775 17,217
Ireland Euro 1,000 300 1,059 299
Japan US dollar 2,623 2,648 2,623 2,648
Malaysia US dollar 15 15 15 15
Netherlands Euro 3,600 3,600 3,638 3,624
New Zealand New Zealand dollar 2,500 2,500 1,446 1,693
Norway Norwegian krone 75,000 60,000 7,265 6,271
South Korea US dollar 130 132 130 132
Sweden Swedish krona 45,000 100,000 4,155 9,845
Switzerland US dollar 2,600 2,289 2,600 2,289
Thailand US dollar 2 2 2 2
Unrestricted 51,880 58,006
Restricted
2023 2022
US$'000 US$'000 US$'000 US$'000 US$'000 US$'000
Name of donor Unrestricted Restricted Total Unrestricted Restricted Total
Bill & Melinda Gates Foundation - 2,625 2,625 - 3,520 3,520
Bessemer Trust - 250 250 - - -
Children's Investment Fund Foundation - - - - 102 102
European Commission - 908 908 - (1,553) (1,553)
Care International - 233 233 - 268 268
Global Fund to fight AIDS, Tuberculosis and Malaria - 210 210 - 58 58
Open Society Foundations - 400 400 - 980 980
United Nations Foundation - 797 797 - 395 395
Planned Parenthood Federation of America - - - - 295 295
United Nations Population Fund (UNFPA) - (168) (168) - 922 922
Anonymous (at donor's request) - 5,617 5,617 - 4,828 4,828
Merck for Mothers - 337 337 - 337 337
William and Flora Hewlett Foundation 1,000 1,299 2,299 1,000 100 1,100
Regents of the University of California, San Diego - 106 106 - 40 40
Bergstrom Foundation - 274 274 - 226 226
The David & Lucile Packard Foundation - 313 313 - - -
Marie Stopes International - 1,460 1,460 - 1,383 1,383
Oxfam Canada - (6) (6) - 777 777
Organon Asia Pacific Services PTE. LTD. - 131 131 - - -
Levi Strauss Foundation - - - - 200 200
Swedish Association for Sexuality Education (RFSU) - 225 225 - 54 54
World Health Organization - 188 188 - - -
Other < $100,000, or individuals not to be disclosed 74 136 210 16 524 540
Total 1,074 15,335 16,409 1,016 13,456 14,472

66 | Notes to the Financial Statements

Notes to the Financial Statements | 67

6. Regional Activities

4. Investment Income and Interest

2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
Particulars US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Interest receivable from cash deposits 2,815 269 3,084 652 2 654
Property investment income 37 - 37 36 - 36
Dividends and similar income - - - - - -
Total 2,852 269 3,121 688 2 690

Regional activities by type of expenditure

a) Fundraising costs

2023 2023 2022
Total Total
Group US$’000 US$’000
Personnel costs 270 129
Consultancies 149 -
Travel 8 -
Occupancy - -
Communications - 2
Other costs 3 2
Total 430 133
b) Programme activities
2023 2022
Programme
activities		 Support
costs		 Total Programme
activities		 Support
costs		 Total
Group US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Personnel costs 11,268 3,173 14,441 10,255 3,181 13,436
Consultancies 1,019 1,374 2,393 1,933 501 2,434
Travel 1,789 1,186 2,975 2,195 417 2,612
Occupancy 208 691 899 393 571 964
Communications 60 139 199 59 34 93
Other costs 111 359 470 503 1,461 1,964
Total 14,455 6,922 21,377 15,338 6,165 21,503

5. Grants to Member Associations and Partner Organizations

2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
Region US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Africa 15,376 24,464 39,840 15,937 25,159 41,096
Arab World 5,019 5,820 10,839 5,628 5,781 11,409
East, South-East Asia and Oceania 4,626 4,709 9,335 4,500 5,752 10,252
Europe and Central Asia 2,591 4,650 7,241 2,894 5,471 8,365
South Asia 3,547 2,613 6,160 4,388 2,710 7,098
Americas and the Caribbean 4,209 2,743 6,952 4,008 1,532 5,540
Total 35,368 44,999 80,367 37,355 46,405 83,760

Grants to Member Associations and Partner Organizations by Strategic Pillars

2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
Strategic Pillars US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Centre Care on People 31,977 38,339 70,316 35,354 40,120 75474
Move the Sexuality Agenda 101 3,342 3,443 10 3,751 3761
Solidarity for Change -
2,700		 2,700 16 370 386
Nurture our Federation 3,290 618 3,908 1,975 2,164 4139
Total 35,368 44,999 80,367 37,355 46,405 83,760

Regional Activities by Strategic Pillars

2023 2022
Programme Support Programme Support
activities costs Total activities costs Total
Strategic Pillars US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Centre Care on People 6,447
428
6,875		 7,588
182
7,770
Move the Sexuality Agenda
Solidarity for Change
Nurture our Federation		 1,496
1,307
5,205
377

364

5,753
1,873

1,671

10,958		 3,375
666

3,709
-

-

5,983
3,375

666

9,692

Total 14,455 6,922 21,377 15,338 6,165 21,503

Support costs for grants are included within the central and regional charitable expenditure.

Previous year’s expenses have been reclassified among the Strategic Pillars to which those relate.

The following ten associations received the largest grants in 2023:

2023 2023 2023 2022 2022 2022 2022
Programme
activities
Support
costs
Total		 Programme
activities
Support
costs
Total
Strategic Pillars US$’000
US$’000
US$’000		 US$’000
US$’000
US$’000
Centre Care on People 6,447
428
6,875		 7,588
182
7,770
Move the Sexuality Agenda 1,496
377
1,873		 3,375
-
3,375
The followingten associations received the largestgra nts in 2023: 2022
Total
US$000
3,095
3,833
2,778
2,963
1,952
1,331
1,829
1,538
1,299
1,689		 Solidarity for Change 1,307
364
1,671		 666 -
666
Unrestricted
 Restricted
 2023
Total
 Unrestricted
 Restricted
 2022
Total
Nurture our Federation 5,205
5,753
10,958
3,709		 5,983
9,692
Total 14,455 6,922 21,377 15,338 6,165 21,503
Name of Member Association US$000 US$000 US$000 US$000 US$000 US$000 Support costs for restricted projects are fully allocated to programme activities.
Previous year’s expenses have been reclassified among the strategic pillars to which
7. Central Activities by Type of Expenditure
a) Fundraising costs		 those relate.
Rahnuma-Family PlanningAssociation of Pakistan 1,190 2,106 3,296 1,531 1,564 3,095
Sudan Family PlanningAssociation 676 2,598 3,274 626 3,207 3,833
Reproductive Health Uganda 1,204 1,779 2,983 1,338 1,440 2,778
Family Guidance Association of Ethiopia 971 1,199 2,170 1,200 1,763 2,963
Indonesian Planned Parenthood Association 602 1,550 2,152 441 1,511 1,952
Asociación Pro-Bienestar de la Familia Colombiana 746 1,323 2,069 892 439 1,331
Family PlanningAssociation of India 1,619 226 1,845 1,391 438 1,829
Afghan Family Guidance Association 638 1,120 1,758 524 1,014 1,538
Association pour le Bien-Etre Familial/Naissances
Désirables (ABEF-ND)		 795 868 1,663 706 593 1,299
2023 2022
Total Total
Planned Parenthood Federation of Nigeria 1,389 134 1,523 1,540 149 1,689
Group US$’000 US$’000
Personnel costs 107 463
Consultancies 1,038 533
Travel 172 100
Occupancy 13 8

68 | Notes to the Financial Statements

Notes to the Financial Statements | 69

2023 2022
Total Total
Group US$’000 US$’000
Communications 62 74
Other costs 11 36
Total 1,403 1,214

b) Programme activities and support costs

2023 2022
Programme
activities		 Support
costs		 Total Programme
activities		 Support
costs		 Total
Group US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Personnel costs 5,074 3,773 8,847 6,215 1,889 8,104
Consultancies 3,442 3,438 6,880 3,285 2,508 5,793
Travel 995 695 1,690 1,319 1,154 2,473
Occupancy 41 275 316 91 245 336
Communications 79 54 133 288 7 295
Other costs 20 1,395 1,415 884 248 1,132
Total 9,651 9,630 19,281 12,082 6,051 18,133

3) Fundraising costs comprise of activities related to the Federation’s global income generation and resource development.

Included within support costs are fees payable to the external auditor, Crowe U.K. LLP, of US$312,808 for the group (2022: Crowe U.K. LLP US$214,552) for statutory audit. Fees from additional assurance services paid during the year of US$31,216 (2022: US$25,634). Within other support costs is a foreign exchange gain(loss) in 2023 of US$0.46m (2022: loss of US$0.25m) and governance costs incurred by the Central Office of US$344,915 (2022: US$394,853).

Central Activities by Strategic Outcomes

2023 2022
Programme
activities		 Support
costs		 Total Programme
activities		 Support
costs		 Total
Strategic Pillars US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Centre Care on People 6,395
38		 6,433
7,043
139
7,182
Move the Sexuality Agenda 331 229 560
1,185
3
1,188
Solidarity for Change 642
29		 671
1,354
-
1,354
Nurture our Federation 2,283 9,334 11,617 2,500
5,909
8,409
Total 9,651 9,630 19,281 12,082 6,051 18,133

Support costs represent all other expenses incurred in the running of IPPF and are allocated based on a proportion of direct personnel costs attributable to the implementation of the activities.

8. Employee Numbers and Emoluments

The average total number of staff employed during the year were:

Group Central
Activities		 Regional
Activities		 2023
Total		 Central
Activities		 Regional
Activities		 2022
Total
Technical Knowledge, MA Support, and Accreditation 27 74 101 29 84 113
External Affairs, Advocacy, and Communications 10 38 48 13 35 48
Management, Governance, and Policy 8 11 19 9 11 20
Fund Raisingand Business Development 6 6 12 7 9 16
Support Services – Finance, Information Technology, Human
Resources, and Administration		 19 65 84 22 65 87
Total 70 194 264 80 204 284

The headcount at the group level reduced to 264 from 284 in 2022 on account of Secretariat restructuring during 2023. Based on the revised organization structure, the corresponding staff grouping of 2022 headcount has been reclassified.

The cost of employing these staff was:

Group 2023
US$’000		 2022
US$’000
Gross salaries of individuals on IPPF payroll 16,038 15,873
Social security costs 1,553 1,147
Pension 1,131 1,119
Other employee benefits 2,382 3,209
Redundancy costs* 1,751 190
Total employee cost 22,855 21,538
Pension finance charges 205 74
Temporary staff employed through third party agencies (not included in table above) 605 520
Total personnel cost 23,665 22,132

*Redundancy costs have been incurred in different locations of the group, in line with the contractual obligations, the internal policies and the law of the land. Source of funds used for redundancy payments by the group was unrestricted core - US$1,660,502 and restricted fund - US$90,317 (2022: unrestricted core - US$190,498 and restricted fund - US$ Nil).

The number of group employees whose emoluments, excluding pension contributions and employers’ national insurance, but including benefits in kind, were in excess of US$80,000 (£60,000) was:

Salary Bands 2023 2022
US$80,000 to US$90,000 14 22
US$90,000 to US$100,000 12 11
US$100,000 to US$110,000 9 6
US$110,000 to US$120,000 6 8
US$120,000 to US$130,000 8 7
US$130,000 to US$140,000 5 3
US$140,000 to US$150,000 3 2
US$150,000 to US$160,000 4 1
US$160,000 to US$170,000 3 2
US$170,000 to US$180,000 3 2
US$180,000 to US$190,000 3 -
US$190,000 to US$200,000 - 2
US$200,000 to US$210,000 1 -

70 | Notes to the Financial Statements

Notes to the Financial Statements | 71

Salary Bands 2023 2022
US$210,000 to US$220,000 1 -
US$220,000 to US$230,000 1
US$230,000 to US$240,000 - 1
US$300,000 to US$310,000 - 1
US$310,000 to US$320,000 1 -

Contributions amounting to US$1,328,099 (2022: US$998,822) were made to defined contribution schemes on behalf of 74 higher paid employees (2022: 68). The expense is allocated between restricted and unrestricted funds in line with where the employees’ salaries are charged.

No ex-gratia payments were made during the year (2022: Nil). No Trustee received remuneration during the year (2022: Nil). Total expenses reimbursed to members of the Board of Trustees or incurred on their behalf for attendance at meetings was US$167,933 (2022: US$310,380).

Key management personnel

The key management personnel of the group are the Director General, the Central Office Divisional Directors, and the Regional Directors of ACRO, AWRO, ESEAOR, SARO, WWI, EN and ARO.

The total remuneration (including pension contributions and employers’ national insurance) of the key management personnel of the group for the year was US$2,374,202 (2022: US$2,216,037).

The remuneration of the highest paid employee was US$390,249 (2022: US$378,000).

9. Tangible Fixed Assets

Fixtures, fittings Fixtures, fittings
Freehold
property		 equipment and Freehold equipment and
computers Total property computers Total
US$'000 US$'000 US$'000 US$'000 US$'000 US$'000
Charity Charity Charity Group Group Group
Cost
Cost at 1 January 2023 17,720 1,649 19,369 19,811 3,153 22,964
Exchange adjustments 490 52 542 510 67 577
Additions - - - - 10 10
Disposals - (14) (14) - (28) (28)
Total cost at 31 December 2023 18,210 1,687 19,897 20,321 3,202 23,523
Depreciation
Accumulated depreciation at 1 January 2023 2,465 1,534 3,999 2,695 2,395 5,090
Exchange adjustments 62 49 111 70 60 130
Charge for the year 276 9 285 310 271 581
Impairment - - - - - -
Released on disposal - (11) (11) - (11) (11)
Accumulated depreciation at 31 December
2023		 2,803 1,581 4,384 3,075 2,715 5,790
Net book value at 31 December 2023 15,407 106 15,513 17,246 487 17,733
Net book value at 31 December 2022 15,255 115 15,370 17,116 758 17,874

All tangible fixed assets are held for charitable purposes.

10. Investments

2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Listed investments - 1,634 1,933 1,634
Investment property 1,069 1,016 1,069 1,016
Subsidiary undertakings 12,311 11,617 - -
Total 13,380 14,267 3,002 2,650
Listed investment
2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Shares and securities investment at market value:
Listed investments at 1 January 1,634 - 1,634 -
Additions - 1,600 - 1,600
Disposal proceeds - - - -
Unrealized/realizedgains/(losses) for the year 299 34 299 34
Investment moved to subsidiary undertaking (1,933) - -
Foreign exchange movement - - -
Listed investments at 31 December - 1,634 1,933 1,634

Investment property

2023 2022
Total Total
Group and Charity US$'000 US$'000
Investment property at fair value:
Investment property at 1 January 1,016 1,137
Revaluationgain/(loss) 0 0
Foreign exchange movement 53 (121)
Investment property at 31 December 1,069 1,016

Investment property at fair value

The investment property was acquired on 31 December 2012 for no cost, following the early termination of a lease on a property for which IPPF holds the freehold. It is included in the balance sheet at fair value, valued by management. The last independent property valuation was carried out as at 31 December 2020 by an external valuer, Strutt & Parker. Management is satisfied that there have been no material movements in valuation.

Investments in subsidiary undertakings:

IPPF Worldwide Inc. is a separately registered not-for-profit organization in United States of America (EIN 204365831). International Planned Parenthood Federation (Africa Region) (IPPF ARO) (No. 8229) and International Planned Parenthood Federation Europe Network (IPPF ENR) (Company # BE 0840.619.519) are separate legal entities in Nairobi, Kenya and Brussels, Belgium respectively. Their individual results and net assets are as follows:

IPPF Worldwide Inc. IPPF Worldwide Inc. IPPF ARO IPPF ARO IPPF EN IPPF EN
Year to
31 Dec 2023		 Year to
31 Dec 2022		 Year to
31 Dec 2023		 Year to
31 Dec 2022		 Year to
31 Dec 2023		 Year to
31 Dec 2022
US$'000 US$'000 US$'000 US$'000 US$'000 US$'000
Income 11,866 8,079 10,304 8,228 6,138
7,530
Expenditure (9,492) (17,193) (11,334) (8,298) (6,788) (8,053)
Surplus/ (deficit) 2,374
(9,114)		 (1,030) (70) (650) (523)

72 | Notes to the Financial Statements

Notes to the Financial Statements | 73

IPPF Worldwide Inc. IPPF Worldwide Inc. IPPF ARO IPPF ARO IPPF EN IPPF EN
31 Dec 2023 31 Dec 2022 31 Dec 2023 31 Dec 2022 31 Dec 2023 31 Dec 2022
US$'000 US$'000 US$'000 US$'000 US$'000 US$'000
Fixed assets 1,933 1,645 1,879 658 706
Current assets 7,513
2,553
7,337		 8,442 4,316 3,923
Current liabilities (6,254) (1,735) (2,924) (2,868) (1,482) (489)
Provisions for liabilities - - (348) (713) (83) (81)
Net assets 3,192 818 5,710 6,740 3,409 4,059

11. Term Loans to Member Associations

2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Short term loans to Member Associations 103 47 103 47
Longterm loans to Member Associations - - 83 81
Total 103 47 186 128

The loans to Member Associations bear interest at rates ranging from 0% to 5.5%. The long-term loan is repayable by 2035.

12. Debtors (Amounts falling due within one year)

2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Receivable from donors 1,701 9,412 1,551 9,665
Receivable from associations 611 678 1,035 1,047
Receivable from others 957 3,151 1,358 3,770
Due from Regional Offices 6,474 1,618 0 -
Prepayments 157 265 183 323
Total 9,900 15,124 4,127 14,805

13. Creditors (Amounts falling due within one year)

2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Trade creditors 730 3,067 1,950 4,707
Payable to associations 7
557		 21 557
Due to Regional Offices* 2,062 2,419 - -
Accruals and other creditors 10,454
8,821		 12,113 9,389
Deferred income (see below) 4,109 1,889 5,402 1,889
Total 17,362 16,753 19,486 16,542

Deferred Income

2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Deferred income balances brought forward 1,889 - 1,889 -
Released in the year (1,889) - (1,889) -
Reclassification as payable - - - -
Deferred in the year 4,109 1,889 5,402 1,889
Deferred income balances carried forward 4,109 1,889 5,402 1,889

Income has been deferred based on conditions outlined by the donor and mainly as stipulated in the grant agreement.

14. Provisions

2023 2022 2023 2022
Total Total Total Total
US$'000 US$'000 US$'000 US$'000
Charity Charity Group Group
Openingbalance 17 265 811 1,085
Utilized in the year (2) (234) (547) (251)
Arisingduringthe year 16 9 195 9
Foreign exchange movement 1 (23) 4 (32)
Closingbalance 32 17 463 811

15.Group Funds and Reserves

Restricted funds

The use of these funds has been restricted by the donors indicated below:

Balance at Income Expenditure Transfers Balance at
2023 1 Jan 2023 31 Dec 2023
Group US$’000 US$’000 US$'000 US$’000 US$’000
Government
Australia
Australia - SPRINT IV 1,416 2,767 (2,633) - 1,550
Pacific Strategy 17 1,904 (544) - 1,377
Australia - SAMOA, C-19 and other 163 104 (82) - 185
RESPOND 4,797 1,373 (4,149) - 2,021
Addressing Gender Based Violence in Bhutan through a
multi-sectoral approach		 328 - (159) - 169
Canada
Canada- YoungPeople 2,183 (55) (2,128) - -
Canada - Humanitarian Call 154 553 (472) - 235
Canada – other (1,076) - 1,075 1 -
China
China – Grant 259 697 (935) - 21
Denmark
Friendship Retreat 105 10 (29) - 86
Denmark - Support for RHU (225) 223 2 - -
France
FON, Ukraine and other 2,933 1,590 (3,202) (87) 1,234
Germany
ICPD +30 and other - 25 (25) - -
Japan 679 2,232 (1,727) - 1,184
Netherlands

74 | Notes to the Financial Statements

Notes to the Financial Statements | 75

Balance at Income Expenditure Transfers Balance at
2023 1 Jan 2023 31 Dec 2023
Group US$’000 US$’000 US$'000 US$’000 US$’000
Right Here Right Now and other 19 68 (78) - 9
New Zealand
Reproductive Health Facility for the Pacific 450 395 (375) - 470
New Zealand - Pacific Strategy 7 987 (679) - 315
Norway
NORAD contribution to AFGA 613 930 (894) - 649
Elimination of FGM in 3 AWR countries 75 - (75) - -
Spain 212 - (201) - 11
Switzerland
Support for IPPF Geneva Office 194 20 (214) - -
United Kingdom
Women Integrated Sexual Health Lote 1 1,222 1,463 (1,669) - 1,016
Women Integrated Sexual Health Lote 2 2,165 17,845 (21,403) 2,042 649
Humanitarian Sudan - 2,372 (861) 1,511
Emergency Ukraine 266 943 (1,209) - -
United States of America
ExpandPF - 340 (367) - (27)
Multi-donor Fund – SheDecides 257 1,149 (802) - 604
Multi-donor Fund – Luxembourg- SheDecides - 123 (32) 91
Multi-donor Fund – Nexus 192 815 (599) - 408
Multi-donor Fund - Nexus- Denmark 35 147 (182) - 0
Multi-donor Fund - Safe Abortion Action Fund 1,105 7,102 (6,114) - 2,093
Totalgovernment restricted funds 18,545 46,122 (50,762) 1,956 15,861
Multilateral and other sources
Bergstrom - Support of Africa Region 94 318 (360) - 52
Bill & Melinda Gates Foundation
Countdown 2030 Europe 1,416 2,625 (2,347) - 1,694
Marie Stopes International - Cervical Cancer Screening and
Preventative Therapy		 29 - (1) - 28
The David & Lucile Packard Foundation - Frontiers and other 182 - (145) (37) -
European Commission (EC) - multiple projects (24) 776 (949) - (197)
Korea Foundation for International Healthcare 119 (54) (34) - 31
Levi Strauss - Support Textile Comm, Indonesia Sunda Straits
Response		 217 - (93) - 124
United Nations Population Fund (UNFPA)
United Nations Population Fund (UNFPA) – Workplan 191 (258) (97) - (164)
CSO Forum mid-term review of the Asia Pacific Ministerial
Declaration on Population		 376 644 (463) - 557
UNFPA 2023 - Partnership Funding - 237 (234) - 3
William and Flora Hewlett Foundation
Hewlett and FJSI Safe Abortion Care in West Africa - 1,299 (377) - 922
Voices: Towards universal access to SRHR for all 20 - (20) - -
World Health Organization - National dissemination workshops - 188 (197) - (9)
Multi-donor Fund - Appeal fund 45 15 (35) - 25
Multi-donor Fund - Emergency Ukraine 237 639 (668) - 208
Anonymous donors (not disclosed at their request) 540 5,617 (5,645) - 512
Others (various) 2,156 2,348 (2,942) 25 1,587
Total Multilateral and other sources 5,598 14,394 (14,607) (12) 5,373
Total Restricted Funds 24,143 60,516 (65,369) 1,944 21,234
Balance at Income Expenditure Transfers Balance at
2022 1 Jan 2022 31 Dec 2022
Group US$’000 US$’000 US$'000 US$’000 US$’000
Government
Australia
SPRINT III and SPRINT IV 1,293 3,016 (2,893) - 1,416
Pacific Strategy 859 71 (906) (7) 17
RESPOND 9,711 - (4,914) - 4,797
Australia Samoa and other 643 221 (373) - 491
Belgium - She Decides 151 - - (149) 2
Canada
She Decides 77 (28) (10) (39) -
Freedom to Choose - RHASS (646) - - 646 -
Canada - YoungPeople 2,557 1,616 (3,064) (2) 1,107
Protections of children workingin mines in DRC and other (90) 395 (345) 194 154
China – Grant - 1,328 (1,069) - 259
Denmark
Friendship Retreat and other 194 (20) (69) - 105
Support for RHU 34 - (259) - (225)
France - FON, Ukraine and other 1,061 2,968 (546) (550) 2,933
Germany
EnhancingSRH refugees in West Africa and other (55) (70) - 125 -
Improved SRHR in Afghanistan and Pakistan 1,688 (168) (1,520) - -
Japan 2,234 (36) (1,517) (2) 679
Netherlands
Right Here Right Now and other (3) 76 (110) 56 19
Get Up Speak Out (53) - 25 28 -
New Zealand
Reproductive Health Facility for the Pacific 714 - (264) - 450
Pacific Strategy 137 1 (131) - 7
Norway
Elimination of FGM in 3 AWR countries and other 156 1,368 (836) - 688
Spain - 212 - - 212
Switzerland - Support for IPPF Geneva Office - 279 (86) 1 194
United Kingdom
Women Integrated Sexual Health Lot 1 951 1,383 (1,112) - 1,222
Women Integrated Sexual Health Lot 2 617 28,429 (26,702) (179) 2,165
ACCESS, Ukraine emergency (5) 884 (725) 112 266
Multi-donor Fund - Nexus 207 524 (539) - 192
Multi-donor Fund - Nexus- Denmark - 137 (102) - 35
Multi-donor Fund - Safe Abortion Action Fund 1,181 4,618 (4,675) (19) 1,105
Totalgovernment restricted funds 23,613 47,204 (52,742) 215 18,290
Multilateral and other sources
Bergstrom - Support of Africa Region (131) 226 (155) 154 94
Bill & Melinda Gates Foundation
Countdown 2030 Europe 706 3,527 (2,941) 124 1,416
Other 896 - (721) (146) 29
Children's Investment Fund Foundation - Business Plan (50) 102 (52) - -
Cordaid - Jeune S3 IPPFAR 233 - - (247) (14)
The David & Lucile Packard Foundation
Africa Region various and Bus Plan and Solutions 87 - (145) 136 78
Abortion Stigma (15) - (7) 22 -
Frontiers 788 - (658) (26) 104
AULO strength adolescence SRH 224 - - (224) -
Deutsche Gesellschaft für Internationale Zusammenarbeit
(GIZ)		 (97) - 16 81 -
European Commission (EC)

76 | Notes to the Financial Statements

Notes to the Financial Statements | 77

Balance at Income Expenditure Transfers Balance at
2022 1 Jan 2022 31 Dec 2022
Group US$’000 US$’000 US$'000 US$’000 US$’000
State of the African Women Campaign 2,210 (2,114) (18) (78) -
Other projects 2 17 (66) 23 (24)
Korea Foundation for International Healthcare 219 - (100) - 119
Health Pooled Fund - Crown Agents-Technical assistance to
South Sudan		 81 - - (81) -
Levi Strauss 119 200 (102) - 217
United Nations Population Fund (UNFPA)
United Nations Population Fund (UNFPA) – Workplan 25 724 (558) - 191
Other 2 - - (2) -
United Nations Programme on HIV/AIDS (UNAIDS) 13 395 (32) - 376
William and Flora Hewlett Foundation
Voices: Towards universal access to SRHR for all and other (83) 100 (104) 107 20
World Health Organization 8 - (8) - -
Multi-donor Fund - Appeal fund and COVID-19 105 80 (38) (102) 45
Multi-donor Fund - Emergency Ukraine - 1,366 (1,109) (20) 237
Multi-donor Fund - SheDecides 1,000 298 (1,043) - 255
Anonymous donors (not disclosed at their request) 527 4,853 (4,821) (19) 540
Others (various) 1,889 2,722 (2,432) (9) 2,170
Total Multilateral and other sources 8,758 12,496 (15,094) (307) 5,853
Total Restricted Funds 32,371 59,700 (67,836) (92) 24,143
Asset Fixed Other
Revaluation Asset Designated Innovation Pension General
te Reserve Reserve Funds Fund Reserve Fund Total
Group No US$'000 US$'000 US$'000 US$'000 US$'000 US$'000 US$'000
2022
Additions to fixed assets (note 9) a - 84 - - - (84) -
Transfer to Designated Regional Funds b - (76) 10,663 - - (10,587) -
Other funds c - - - - 92 92
Transfers between funds - 8 10,663 - - (10,579) 92
Balance as at 1 January 2022 12,000 7,917 30,274 277 (4,892) 24,057 69,633
Net income/(expenditure) - (596) (9,228) (118) 1,412 13,659 5,129
Unrealized foreign exchange movement - (15) - 518 (4,079) (3,576)
Actuarial gains/(losses) on defined
benefit pension scheme		 - - - - (1,613) - (1,613)
Forward contract unrealized Loss - - - - - (2,164) (2,164)
Balance as at 31 December 2022 12,000 7,314 31,709 159 (4,575) 20,894 67,501

Explanations of movements on unrestricted funds and reserves:

The subtotal funds by Government and Multilateral in note 15 differ from those in note 2 and note 3 due to some projects being funded by both Government and Multilateral sources. This is the case with multi-donor projects such as SAAF, Nexus, COVID-19 and SheDecides.

Endowment fund

In addition, IPPF has an endowment fund of US$1,000,000 (2022 US$1,000,000) which it holds for the exclusive use of projects in the Cape Verde Member Association.

Unrestricted funds and reserves

Unrestricted funds and reserves are those funds that are free of any donor restriction on their use. All unrestricted funds and reserves, apart from the General Fund, are designated by IPPF for specific purposes as noted below.

Asset Fixed Other
Revaluation Asset Designated Innovation Pension General
te Reserve Reserve Funds Fund Reserve Fund Total
Group No US$'000 US$'000 US$'000 US$'000 US$'000 US$'000 US$'000
2023
Additions to fixed assets (note 9) a (7) 7 -
Transfer to Designated Regional Funds b 9,070 (9,070) -
Other funds c - (1,441) 1,281 (1,784) (1,944)
Transfers between funds - (1,448) 10,351 - - (10,847) (1,944)
Balance as at 1 January 2023 12,000 7,314 31,709 159 (4,575) 20,894 67,501
Net income/(expenditure) - (581) (10,288) (83) 2,050 11,729 2,827
Unrealized foreign exchange movement - 447 - - (238) 1,895 2,104
Actuarial gains/(losses) on defined
benefit pension scheme		 - - - - (601) - (601)
Forward contract unrealized Loss - - - - - (495) (495)
Balance as at 31 December 2023 12,000 5,732 31,772 76 (3,364) 23,176 69,392
Asset Revaluation
Reserve		 The Asset Revaluation Reserve represents the difference between the historical cost of fixed assets and
the depreciated revalued equivalent.
Fixed Asset Reserve The Fixed Asset Reserve represents the value of IPPF funds invested in unrestricted fixed assets (see note
9) or allocated for their replacement.
Other Designated
Funds		 Other Designated Funds include the Member Association Performance Fund, the Resource Mobilisation
Fund, and various funds set aside for use by specific Regions.
Innovation Fund The Innovation Fund is used to develop innovative projects and try new approaches to our work.
Pension Fund The Pension Fund represents the value of IPPF’s assets and liabilities arising in respect of the Central
Office Defined Benefit Pension Scheme, which was closed in 2007. The movements in this fund are
detailed in note 19.
General Fund The General Fund contains the undesignated unrestricted funds of IPPF which are free of donor
restrictions for specific activities or countries. These will fund future activities.

16. Net assets between funds

2023 2022
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
Charity US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Fixed assets 19,363 8,530
1,000		 28,893 19,126 9,511 1,000 29,637
Current assets 67,152
17,989
-		 85,141
66,180		 21,042 - 87,222
Current liabilities (12,077) (5,285) - (17,362)
(10,343)		 (6,410) - (16,753)
Provisions for liabilities (1,682) -
-		 (1,682)
(2,887)		 - - (2,887)
Pension liability (3,364) -
-		 (3,364)
(4,575)		 - - (4,575)
Net assets 69,392 21,234 1,000 91,626 67,501 24,143 1,000 92,644
2023 2022
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
Group US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Fixed assets 18,885 933
1,000
20,818		 19,005 600 1,000 20,605
Current assets 68,180
27,591
-
95,771		 66,884 29,953 - 96,837
Current liabilities (12,196) (7,290) - (19,486) (10,132) (6,410) - (16,542)
Provisions for liabilities (2,113) -
-
(2,113)		 (3,681) - - (3,681)

78 | Notes to the Financial Statements

Notes to the Financial Statements | 79

2023 2022
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
Group US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Pension liability (3,364) -
-		 (3,364) (4,575) - - (4,575)
Net assets 69,392 21,234
1,000
91,626		 67,501 24,143 1,000 92,644

d) Capital commitment

The value of group contracts placed in the year for future capital expenditure not accrued for in the financial statements was US$nil (2022: US$nil).

18. Contingent Liability

17. Financial Commitments

a) Commitments against orders placed for contraceptives and health products

2023 2022
Group US$’000 US$’000
Orders for contraceptives and other health products due within one year 685 1,220

The commitments recognized are orders placed by the year-end but not yet delivered to IPPF, for which there is a legal obligation to make payment to the supplier.

In the course of the charity’s ordinary activities, there can arise liabilities due to potential legal action against IPPF, or fraud and mismanagement in IPPF or any of its branches/ subsidiaries / Member Associations that could lead to a potential claw back of donor funds. Such investigations can take several years to conclude and reach agreement with the parties involved.

Wherever deemed necessary, the charity seeks counsel from lawyers and other professionals, and makes financial provisions where it can be estimated with reasonable reliability, as appropriate. IPPF maintains policies to prevent such occurrences as well as formal training within the Federation. The charity relies on a robust risk and assurance framework throughout the Federation to ensure cases are reported and investigated appropriately.

IPPF adheres to a clear policy of transparency with donors for any open cases implicating funds involved. At the year-end there were open cases, none of which have a reliable estimate of a potential claw back of funds to donors involved.

b) Operating lease commitments:

The total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
Buildings
Equipment
Total		 Buildings
Equipment
Total
Group US$’000
US$’000
US$’000		 US$’000
US$’000
US$’000
Due
Within the next 1 year 305
-
305		 466
-
466
Between 2-5 years 434
-
434		 564
-
564
Greater than 5 years -
-
-		 -
-
-
Total 739
-
739		 1,030
-
1,030

c) Grant Commitments

There are several projects which are in progress at the year-end and will be completed over a few years. The majority of the funds needed for these projects are subject to legal agreements with the donors, which ensure that IPPF will be entitled to grants from the donors after complying with the conditions imposed by the respective donors. For some of these projects, IPPF is required to provide additional funding to match that provided by the main donor, which is sourced from other donors who may award restricted or unrestricted grants to IPPF.

19. Pension Schemes

IPPF operates three pension schemes as described below:

a) The Central Office Defined Benefit Pension Scheme (closed)

This is a defined benefit scheme covering full-time staff in the Central Office, London. A decision was taken to close the scheme to current members effective 1 September 2007. This followed the earlier decision effective 1 September 2003 to close the scheme to new members. The assets of the fund are managed by independent professional investment managers.

The scheme’s assets and liabilities are calculated by professional actuaries. The most recent formal actuarial valuation as at 1 July 2021 was performed using the Defined Accrued Benefit Method. The assumption used reflected the Employer Covenant Strength and the average term of the liabilities. The main assumptions used in the valuation were:

Based on the duration of the restricted projects awarded by the donors, IPPF signed funding agreements with its Member Associations and partners for a similar duration. Since the funding to the Member Associations is subject to them fulfilling the imposed conditions, such grant commitments have not been recognized in the accounts as grant payable until fulfilment of the grant conditions. As at the year-end, the following grant commitments were made, which will be paid to the Member Associations or partners in the subsequent years after their complying with the imposed conditions:

2023 2022
Total Total
Group US$’000 US$’000
Grant commitments due within 1 year 45,491 20,408
Grant commitment due between 2-5 years 37,478 5,976
Grant commitment due after 5 years - -
Totalgrant commitments at 31 December 2023 82,969 26,384

Out of the above grant commitments, restricted grants signed with the donors comprise US$16.25million (2022: US$22.87million), which has either been received or will be received in subsequent years after complying with the conditions imposed by the respective donors. Out of the remaining balance of US$66.72 million (2022: US$3.51 million), US$2.06 million (2022: US$3.51 million) has already been earmarked as designated funds from the unrestricted funds and the remaining grant commitments would be met from unrestricted income of 2024 and 2025.

The report for the actuarial valuation as at 1 July 2021 showed the fund to have an asset value of GBP£38.1 million under the ongoing valuation method. This is equivalent to a funding level of 86% (market value of assets versus liabilities). An updated recovery plan was submitted to the Pensions Regulator from July 2022. This informed the regulator that of the recovery plan end date to be 31 October 2026.

As a result of the latest valuation as at 1 July 2021, the Employer and the Trustee agreed the following deficit funding contributions from 1 July 2022 to 31 October 2026:

The next full valuation is due to be carried out as at 1 July 2024.

b) The Central Office Defined Contribution Pension Scheme

Since 2003, a defined contribution pension scheme has been offered to permanent staff in the Central Office, London, wherein IPPF contributes 7% of salary. For staff previously included in the defined benefit scheme a contribution of 10% of salary is made.

The 2023 pension charge for this scheme was US$385,193 (2022: US$418,952).

80 | Notes to the Financial Statements

Notes to the Financial Statements | 81

c) The Overseas Employee Pension Scheme

Most full-time employees in the Africa Regional Office and some members of the America and Caribbean, Arab World, and East and South-East Asia Regional Offices are members of this scheme. It is a defined contribution scheme under which IPPF contributes 12% of basic salary and is non-contributory for staff.

The 2023 pension charge for this scheme was US$364,321 (Group) and US$162,480 (Charity) (2022: US$583,844 (Group) and US$216,670 (Charity)).

At 31 December 2023, there were no outstanding or prepaid contributions for any of the defined contribution schemes (2022: US$ nil).

In 2010 the UK Government announced a change in the statutory minimum pension increase for public and private pension schemes. Previously this inflation rate was linked to the Retail Price Index (RPI). The announced change links this inflation rate to the Consumer Price Index (CPI), where this in line with the legal obligations detailed within the rules of the scheme. After clarifying the legal obligations that apply to the scheme, IPPF linked the inflation rate to CPI.

Scheme assets

The fair value of the scheme’s assets, which are not intended to be realized in the short term and may be subject to significant change before they are realized, and the present value of the scheme’s liabilities, which are derived from cash flow projections over long periods and thus inherently uncertain, were:

FRS 102 disclosure note

There is one defined benefit pension scheme providing benefits on final pensionable salary, the Central Office Defined Benefit Pension Scheme. The latest full actuarial valuation of this scheme was carried out at 1 July 2021 and was updated for accounting purposes to 31 December 2023 by a qualified independent actuary.

The pension contributions payable by IPPF to the scheme were as follows:

2023 2022
US$’000 US$’000
Pension contributions 1,942 1,783

Outstanding contributions at the year-end: Nil (2022: US$297,241)

The major assumptions used in the FRS 102 valuation were:

2023 2022
Per annum Per annum
Inflation – RPI 3.05% 3.25%
Inflation – CPI 2.35% 2.85%
Rate of discount 4.50% 4.80%
Pension increases:
Pre 88 GMP Nil Nil
Post 88 GMP 2.70% 2.70%
Excess over GMP accrued pre 1.3.1998 6.00% 6.00%
Excess over GMP accrued between 1.3.1998 and 31.7.2002 6.00% 6.00%
Excess over GMP accrued between 1.8.2002 and 5.4.2005 2.90% 2.90%
Excess over GMP accrued from 5.4.2005 1.85% 1.85%
Life expectancy (at age 65): Years Years
Males born 1956 21.2 21.8
Females born 1956 23.7 24.6
Males born 1976 22.2 22.7
Females born 1976 24.8 25.6

The present value of the scheme liability was calculated as follows, using the updated year of birth series adjusted for the medium cohort:

2023 2022
US$’000 US$’000
Equities 13,631 12,609
Bonds 8,000 6,937
Cash 1,157 175
Liability driven investment 12,341 11,292
Total market value of assets 35,129 31,013
Present value of scheme liability (38,493) (35,588)
Deficit in scheme – Net pension liability (3,364) (4,575)

The expected rates of return on the assets in the scheme were 4.50% (2022 – 4.80%). The actual return on scheme assets was US$2.57 million (2022 – loss of US$17.8 million) which is a rate of return of 8.29% (2022 – (32.43%)).

Movement in pension fund liability during the year:

2023 2022
US$’000 US$’000
Deficit in scheme at 1 January (4,575) (4,892)
Employer’s contributions 2,255 1,486
Net interest cost (205) (74)
Actuarialgain/ (losses) (601) (1,613)
Exchange rategain (238) 518
Deficit in scheme at 31 December (3,364) (4,575)

The scheme closed to future accrual on 1 September 2007, with all active members being given deferred pensions at that date. This means that benefits for those members now increase broadly in line with price inflation. Previously, these benefits increased in line with salary.

The actuary has confirmed that the valuations made above under the requirements of FRS 102 do not indicate that there is an immediate funding requirement or that there is any need to change the current funding rates made by the employer to the pension scheme.

The pension fund liability of US$3.4 million (2022 - US$4.6 million) does not exceed the unrestricted funds balance.

Charge to the Statement of Financial Activities over the financial year:

2023 2022
Pre-retirement mortality (male/female)* S3PA / S3PA S3PA / S3PA
Post-retirement mortality for non-pensioner members (male/female)* S3PA / S3PA S3PA / S3PA
Post-retirement mortality for pensioner members (male/female)* S3PA / S3PA S3PA / S3PA

The assumptions used by the actuary are chosen from a range of possible actuarial assumptions which, due to the timescale covered, may not necessarily be borne out in practice.

2023 2022
US$’000 US$’000
Expected return on pension fund assets (1,537) (899)
Interest on pension fund liabilities 1,742 973
Net interest cost 205 74
Net cost recognized within net income for the year 205 74
Other recognizedgains/losses – actuarial (gains)/losses 601 1,613
Other recognizedgains/losses – unrealized foreign exchange (gains)/losses 238 (518)
Total cost relatingto defined benefit scheme recognized in the Statement of Financial Activities 1,044 1,169

82 | Notes to the Financial Statements

Notes to the Financial Statements | 83

20. Related Parties

Trustees and Finance, Audit and Risk Committee members

IPPF requires each Board of Trustees member and Finance, Audit and Risk Committee member to complete a declaration of material transactions and interest form. These are reviewed by senior management and the Finance, Audit and Risk Committee. All IPPF staff are also required to complete such a form on joining the organization, which is then updated as individual circumstances change. These forms are reviewed by senior management. These procedures are part of the policy which aims to ensure that employees always act in the best interests of IPPF and that there is openness and transparency concerning any actual or potential conflict of interest.

Some members of the Board of Trustees are Presidents of Member Associations who receive grants from IPPF in accordance with the volunteer governance structure of IPPF.

The Finance, Audit and Risk Committee of IPPF has reviewed the above disclosures and does not consider that any indicates a conflict of interest. There are no other related party interests or transactions that require disclosure.

No remuneration was paid to members of the Board of Trustees. Total expenses reimbursed to 15 members (2022: 15) of the Board of Trustees or incurred on their behalf for attendance at meetings was US$167,933 (2022: US$310,380).

Name of the related party Name of the related party Nature of relationship Nature of relationship Description of transaction Description of transaction
IPPF Europe Network Wholly owned subsidiary Grants paid by IPPF to EN for the operation of the Regional Office.
Also, income received from EN out of thegrants collected by it.
Income for
the year 2023
US$’000		 Income for
the year 2022
US$’000		 Expenditure for
the year 2023
US$’000		 Expenditure for
the year 2022
US$’000		 Debtor Balance 2023
US$’000		 Creditor Balance 2022^
US$’000
159 350 1,527 1,589 238 5

^ On 31 Dec 2022, there was a credit balance payable to IPPF Europe Network.

Additionally, IPPF incurred costs/ made payments to third parties on behalf of EN of US$139,264 (2022: US$220,439) that were recharged by IPPF to EN during the year. Also, EN incurred costs/ made payments to third parties on behalf of IPPF of US$106,579 (2022: US$37,726) that were recharged by EN to IPPF during the year.

21. Financial instruments

IPPF has certain financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measured at amortized cost. Certain other financial instruments are held at fair value, with gains and losses being recognized within income and expenditure. The charity has the following financial instruments measured at fair value through the profit and loss:

IPPF Worldwide Inc.

The table below summarises the transactions that took place between IPPF and WWI during the year together with the outstanding balance as at the end of the year.

Name of the related party Nature of relationship Description of transaction Description of transaction
IPPF Worldwide Inc. Wholly owned subsidiary Donation received by IPPF from its subsidiary out of the donations and
grants collected by it from different donors.
Income for the year 2023
US$’000		 Income for the year 2022
US$’000		 Debtor Balance 2023
US$’000		 Debtor Balance 2022
US$’000
8,510 15,448 6,236 1,618

Additionally, IPPF incurred costs/ made payments to third parties on behalf of WWI of US$105,086 (2022: US$178,638) that were recharged by IPPF to WWI during the year. Also, WWI incurred costs/ made payments to third parties on behalf of IPPF of US$384,624 (2022: US$499,195) that were recharged by WWI to IPPF during the year. Further, WWI collected funds directly from third parties of US$ Nil (2022: US$203,547) on behalf of IPPF, which was adjusted from the intercompany balance.

IPPF Africa Region (Nairobi, Kenya)

The table below summarises the transactions that took place between IPPF and ARO during the year together with the outstanding balance as at the end of the year.

Name of the related party Nature of relationship Description of transaction Description of transaction
IPPF Africa Region Wholly owned subsidiary Grants paid by IPPF to ARO for the operation of the Regional Office
Expenditure for the year 2023
US$’000		 Expenditure for the year 2022
US$’000		 Creditor Balance 2023
US$’000		 Creditor Balance 2022
US$’000
6,794 6,138 2,062 2,414

Additionally, IPPF incurred costs/ made payments to third parties on behalf of ARO of US$307,237 (2022: US$449,106) that were recharged by IPPF to ARO during the year. Also, ARO incurred costs/ made payments to third parties on behalf of IPPF of US$190,466 (2022: US$622,738) that were recharged by ARO to IPPF during the year. Further, ARO collected funds directly from third parties of US$1,166 (2022: US$ Nil) on behalf of IPPF and IPPF collected funds directly from third parties of US$70,729 (2022: US$ Nil) on behalf of ARO, which were adjusted from the intercompany balance.

IPPF Europe Network

The table below summarises the transactions that took place between IPPF and EN during the year together with the outstanding balance as at the end of the year.

Group and Charity Group and Charity 2023
US$’000		 2023
US$’000		 2022
US$’000
Financial assets measured at fair value, through profit and loss
Investments 1,933 1,634
Forward foreign exchange contracts (1,650) (2,870)
Total 283 (1,236)
Group and Charity Income
US$’000		 Expense
US$’000		 2023
Gain/(Loss)
US$’000		 Income
US$’000		 Expense
US$’000		 2022
Gain/(Loss)
US$’000
Financial assets measured at fair value, through profit
and loss
Investments 299 - 299 34 - 34
Forward foreign exchange contracts - (495) (495) - (2,164) (2,164)
Total 299 (495) (196) 34 (2,164) (2,130)

IPPF’s primary objective in hedging a foreign exchange position is to is to de-risk its budgeted income by identifying a projected income amount in one base currency (i.e., US$) against grant income received in multiple currencies from multiple donors. All FCCs set out the currency pair, selling currency amount, settlement date, and delivery rate.

The FCC’s rate of exchange is fixed and the value date is up to February 2025 allowing IPPF to budget for future financial allocations knowing in advance precisely what the income or costs from the transaction will be at the specified future date. The nature of FCCs protects IPPF from unexpected or adverse movements in the currencies’ future spot rates.

During 2023, the selling currencies were AUD, CAD, DKK, EUR, NOK, NZD, and SEK and the buying currency was USD.

The FCCs are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Gains or losses arising from changes in fair value are taken to the Statement of Financial Activities (SOFA). The fair value of the FCC is determined using forward exchange market rates at the balance sheet date. The mark to market gain/(loss) on hedge contract and margin held as a deposit at the year-end is presented as follows:

2023
US$’000		 2022
US$’000
Margin held due to the aggregate loss >5% carried to balance sheet as deposit - 1,639
Market to marketgain/(loss) recorded in the statement of financial activities (495) (2,164)

84 | Notes to the Financial Statements

Notes to the Financial Statements | 85

Members of the Board of Trustees

The individuals listed below served as Trustees from 1 January 2023, up to the date of this report, unless where noted otherwise.

Member Name Nationality Internal/External
Kate Gilmore (Chair) Australia and United Kingdom External
Ulukbek Batyrgaliev (Vice Chair) Kyrgyzstan Internal
Isaac Adewole Nigeria External
Abhina Aher India External (Resigned in March 2023)
Rosa Ayong Tchonang Cameroon Internal (End of term in May 2024)
Surakshya Giri Nepal Internal (End of term in May 2024)
Bience Philomena Gawanas Namibia External (End of term in May 2023)
Donya Nasser United States of America Internal (End of term in May 2023)
Aurélia Nguyen France External (End of term in April 2024)
Sami Natsheh Palestine Internal
Elizabeth Schaffer United States of America External
Andreas Prager New Zealand Internal (End of term in August 2023)
Rose-Marie Antoine Trinidad and Tobago Internal
Santiago Cosio Pando Mexico Internal (End of term in August 2023)
Hayathe Ayeva Togo Internal
Jon Lomoy Norway Internal
Patrick Mwebesa Uganda Internal (Appointed in June 2023)
Darren Paul Katigbak Philippines External (Appointed in Jan 2024)
Rada Valchonova Bulgaria External (Appointed in Jan 2024)
Karina Vartanova Switzerland and Russia External (Appointed in Jan 2024)

Members of the Nomination Members of the Finance, Audit

and Governance Committee

and Risk Committee

The individuals listed below served as the members of the Nomination and Governance Committee from 1 January 2023, up to the date of this report, unless where noted otherwise.

The individuals listed below served as the members of the Finance, Audit and Risk Committee from 1 January 2023, up to the date of this report, unless where noted otherwise.

Member Name Nationality Internal/External Member Name Nationality Internal/External
Don Gunawardena Sri Lanka Internal Elizabeth Schaffer United States of External
Talaat Latif Egypt Internal (End of America
Neish McLean Jamaica term in Jan 2023)
External		 Hayathe Ayeva Togo Internal (End of term
in June 2023)
Isabel Serrano Spain Internal Bience Philomena United States of External (End of
Jona Turalde Philippines External Gawanas America term in May 2023)
Daniela Urquijo Colombia Internal (End of Judith Laurence Benin Internal (End of term
Defex term in Jan 2023) Gbehinto Maffon in July 2023)
Joyce Renee Ago Ghana Internal Nicolette Loonen Netherlands Internal (End of term
Djanie in July 2023)
Olivier Makambira Burundi Internal Maisarah Ahmad Malaysia Internal (End of term
Luisa Fernanda Mexico Internal in July 2023)
Guzman Gonzalez Lakshan Seneviratne Sri Lanka Internal
Bikash Kunwar Nepal External (Appointed
in July 2023)
Alexandrine Codjovi Benin Internal (Appointed
in July 2023)
Patrick Mwebesa Uganda Internal (Appointed
in June 2023)

Contact names and addresses

Registered Address

Telephone +44 (0)20 7939 8200 Facsimile +44 (0)20 7939 8300 Website www.ippf.org Email info@ippf.org

4 Newham’s Row London SE1 3UZ United Kingdom

Directors’ Leadership Team

Director General Alvaro Bermejo Director, MA Development and Impact Manuelle Hurwitz Director, External Affairs Mina Barling Director, Finance and Technology Varun Anand Director, People, Organization and Culture Lucy Fernie Africa Regional Director Marie-Evelyne Petrus-Barry Arab World Regional Director Fadoua Bakhadda Americas and Caribbean Regional Director Eugenia Lopez Uribe East, South-East Asia, and Oceania Regional Director Tomoko Fukuda European Network Regional Director Micah Grzywnowicz South Asia Regional Director (Interim) Tomoko Fukuda

Principal Banker

Barclays Bank PLC One Churchill Place London E14 5HP United Kingdom

External Auditor

Crowe U.K. LLP 55 Ludgate Hill London EC4M 7JW United Kingdom

Solicitor

IPPF uses the services of several law firms, each one in accordance with their area of expertise.

Further information is available on request.

86 | Members of the Board of Trustees and Committees

Contact Names and Addresses | 87

www.ippf.org

+44 (0)20 7939 8220 | info@ippf.org

Published in June 2024 by the International Planned Parenthood Federation 4 Newham’s Row, London SE1 3UZ, UK | UK Registered Charity Number: 229476 | Designed by: Adept Design