Financial statements - International Planned Parenthood Federation

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2 IPPF Financial statements 2012 Executive summary Income in 2012 of US$144.8 million IPPF’s total income from governments, foundations and other sources rose by US$17.1 million between 2011 and 2012, an increase of 13%. This comprised a rise of US$16.4 million in restricted income (32%), and a rise in unrestricted income of US$0.7 million (1%). Over the past five years, total income from governments, foundations and other sources has increased by US$25.1 million (21%). Figure 1: IPPF Income 2008-2012 160 140 120 100 The growth in restricted income was due to increased programme funding by the governments of Australia (US$5.5 million), Canada (US$1.0 million), China (US$0.6 million) and Sweden (US$3.0 million). In addition IPPF’s Western Hemisphere office received a restricted legacy of US$15 million to support activities in respect of adolescents and/or work in Mexico. These increases were offset by reductions in restricted funding provided by the governments of the United Kingdom (US$5.3 million), Denmark (US$1.9 million) and the Government of Spain (US$1.2 million), following the completion of programmes funded by these donors in prior years. US$M 80 60 40 20 0 2008 2009 2010 2011 2012 Unrestricted funding from governments decreased by US$2.4 million (4%), with a reduction of US$1.3 million from the government of Switzerland following a non recurrent additional grant in 2011, and US$0.6 million from the government of Norway. These were partially offset by increases of US$0.4 million each from the Governments of Australia and Finland. In addition the Federation received a donation of commodities from UNFPA of US$2.3 million, an increase of US$0.2 million compared to 2011. Unrestricted income also increased due to additional external sales of commodities by the subsidiary company of US$0.6 million, and the early termination of the leasehold of a flat for which IPPF is the freeholder (US$1.2 million), held as an investment property on the balance sheet. Unrestricted funding will continue to play a key role in enabling IPPF to meet its commitment to double services delivered by 2015. The unrestricted funding we receive from our major donors provides for 10% of the total income received by the Federation’s grant receiving Member Associations (based on 2011 Member Association financial statements), and provides the investment in strengthening of service delivery, advocacy and performance that underpins the Federation’s improvement in 23 of its 30 global indicators since 2008. This improvement includes delivery of over 45 million services to young people (a rise of 119% to since 2008), 2.1 million abortion services (a rise of 86%), HIV services of 19.2 million (a rise of 123%) and Couple Years Protection (CYP) of 11.8 million (a 51% rise from 2008 and 32% growth from 2011 levels). Unrestricted funding will continue to play a key role in enabling IPPF to meet its commitment to double services delivered by 2015 from 2010 levels.
IPPF Financial statements 2012 3 Expenditure in 2012 of US$123 million IPPF made grants to Member Associations (MAs) and partner organizations of US$71.8 million, a decrease of US$5 million (7%) from 2011 and a rise of US$0.4 million compared to 2008 levels. This decrease is driven by a US$5.7 million fall in unrestricted grants. Grant levels were set based upon the expectation of income when the 2012 budget was originally developed in May 2011 – a point in time when the global economic outlook was very poor. Resources received over and above those budgeted levels have been committed to supporting IPPF’s MAs and other partners in implementing initiatives in 2013-2015 to radically scale up service delivery and deliver sustained improvement in performance across the Federation. Expenditure on abortion programmes decreased by US$6.7 million (34%) in 2012, driven by a reduction in grant expenditure on anonymous-donor funded global abortion initiatives, and also on the Safe Abortion Action Fund initiative hosted by IPPF. Expenditure on HIV and AIDS programmes reduced by US$3.3 million (25%), driven by a reduction in the level of 2012 unrestricted IPPF MA grants being allocated by MAs to HIV specific programmes. As evidenced in the improvement in global indicators referred to above, these movements do not represent a reduction in investment in the areas of HIV and abortion work, but largely reflect timing differences between the disbursement of grants and local implementation and expenditure by IPPF’s Member Associations. Expenditure on programmes targeted at adolescents increased by US$2 million (17%), due to 2012 having been the first full year of the Netherlands-funded ‘The Choices and Opportunities Fund’. Figure 2: Expenditure in 2012 of US$123 million by type Trading company Programme activities Other US$123m expenditure in 2012 Fund raising Governance Grants to Member Associations and partners Support Figure 3: Expenditure in 2012 of US$123 million by activity 140 120 100 US$M 80 60 40 20 0 2012 2011 Strategic priorities Adolescents HIV and AIDS Access Supporting strategies Capacity building Abortion Accreditation & governance Evaluation Advocacy Resource mobilization Other, including trading company
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Page 3: Contents IPPF Financial statements
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Page 25 and 26: Statement of financial activities C
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Page 35 and 36: Unrestricted $’000 Restricted $
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United Nations Fund for Population
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IPPF Financial statements 2012 57 T
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21 Related parties IPPF Financial s
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IPPF/Chloe Hall/Ethiopia
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Financial statements - International Planned Parenthood Federation

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