Financial Statements - International Planned Parenthood Federation

6 IPPF Financial Statements 2008
In order to assess our
progress against our
strategic priorities
a series of global
indicators were
developed. These
were gathered from
Member Associations
across the Federation
and enable IPPF to
review, monitor and
evaluate performance
against key goals.
The responsibilities
of the governing council
Under charity law, the members of the
Governing Council are responsible for
preparing the Trustee Report and the
financial statements for each financial
year which show a true and fair view
of IPPF and the results for that period.
In preparing these financial
statements, generally accepted
accounting practice entails that the
Governing Council members:
• Select suitable accounting policies
and then apply them consistently;
• Make judgements and estimates
that are reasonable and prudent;
• State whether the recommendations
of the Statements of Recommended
Practice have been followed,
subject to any material departures
disclosed and explained in the
financial statements;
• State whether the financial
statements comply with The
International Planned Parenthood
Act 1977 and IPPF Regulations,
subject to any material departures
disclosed and explained in the
financial statements;
• Prepare the financial statements on
a going concern basis unless it is
inappropriate to presume that the
group and the charity will continue
its activities; and
• Safeguard the assets of IPPF and
hence take reasonable steps for the
prevention and detection of fraud
and other irregularities.
The Governing Council’s members
are required to act in accordance with
The International Planned Parenthood
Act 1977, within the framework of
trust law. They are responsible for
keeping proper accounting records,
sufficient to disclose at any time, with
reasonable accuracy, the financial
position of the charity at that time.
This enables the Governing Council to
ensure that, where any statements of
accounts are prepared by them under
section 42(1) of The Charities Act 1993,
those statements of accounts comply
with the requirements of regulations
under that provision.
The Governing Council’s members
are responsible for the maintenance
and integrity of the financial and
other information included on
the IPPF website. Legislation in the
UK governing the preparation and
dissemination of financial statements
may differ from legislation in other
jurisdictions.
Organization
IPPF has a Secretariat that carries
out the policies and functions as
approved by the Governing Council.
The Secretariat has its headquarters
in London and is divided into Central
and Regional operational units.
There are six Regional Offices:
Africa (Nairobi, Kenya), Arab World
(Tunis, Tunisia), East/South East Asia
and Oceania (Kuala Lumpur, Malaysia),
Europe (Brussels, Belgium), South
Asia (New Delhi, India), and Western
Hemisphere (New York, USA). These
Regional Offices all act as branches
of IPPF, in accordance with The
International Planned Parenthood
Federation Act 1977.
The Director-General and Deputy
Director-General are based in
Central Office, London. There are
six Regional Directors who report
to the Director-General together
with four Central Office Directors
including the Financial Director.
IPPF has a trading subsidiary,
International Contraceptive & SRH
Marketing Limited (trading as ICON),
based in Central Office, London.
The company primarily engages
in commodity supply services, and
the social marketing of contraceptives
in conjunction with Member
Associations.
Within the Western Hemisphere
Region there are two entities;
the Regional Office, IPPF Western
Hemisphere Inc and a separate entity
used for investing significant bequests,
the IPPF WHR Fund. The results
of both these entities are reported
within these accounts.