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2023-08-31-accounts

Building Futures Ethiopia [Charity Registration No. 1190494 in England & Wales]

Legal and Administrative Information

Trustees

Ms. S. Eland CEO Ms. K. Rutherford Chair Mr. Z. Greaves Mr. M. Hands

Charity number 1190494

Principle Address Waterside Barn Blazefield Bank Pateley Bridge Harrogate HG3 5DW

Registered Office Waterside Barn Blazefield Bank Pateley Bridge Harrogate HG3 5DW

Building Futures Ethiopia – Contents

Page
Trustees Report 1
Receipts and Payments Accounts for the period 2
Statement of assets and liabilities at the end of the period 3

Trustees’ Report for Building Futures Ethiopia [Charity no. 1190494] for the period ended 31[st] August 2023

This is the third Trustees’ Report for a charity [CIO] that commenced on 20[th] July 2020. The Trustees present this Report and Financial Statement for the year ended 31[st] August 2023.

The Financial Statements have been prepared on a Receipts and Payments basis in accordance with the Charities Commission format.

Objectives and activities of our Charity

The Charity’s stated purpose is the prevention or relief of poverty in Ethiopia by providing and assisting in the provision of Education, Training and all necessary support designed to enable individuals to generate a sustainable level of income and be self-sufficient.

Work towards the above purpose has been in progress over the preceding years (2018-22) working closely with a charity well established in Ethiopia — Together We Learn (formerly Link Ethiopia) [Charity no. 1112390, hereinafter TWL.

TWL have a range of activities in Ethiopia and have been, and continue to be, invaluable partners.

During those years, a new elementary school in Gendjt [Amhara region] has been planned, built (Phases 1 & 2) and commenced operation. Building Futures Ethiopia [hereinafter BFE] was established to raise funds above and beyond the efforts of TWL, specifically for the Gendit School to develop not only the infrastructure (phases 3-5), but also the teaching, leadership and management standards of the school to raise it to 'model' rural school status for the northern region of Ethiopia. The work is done in collaboration with the Ministry of Education Department of the Ethiopian Government.

During the year of 2022/23 the internal conflicts within Ethiopia unfortunately continued, as did the humanitarian impacts of drought. These have continued to prevent travel to most of Ethiopia and impose restrictions and cost increases on building products and labour. The postponement of further physical developments at the school [Phase 3} has therefore had to be continued. In early 2024, as this report is prepared, there is more hope that a lifting of this may be possible soon. The educational developments at the School - staff and pupil development -have continued through this difficult period with only temporary closures when the safety of the School was considered to be threatened. Huge credit is due once again, to the school staff, TWL and the local community, for the school remaining open and functioning during this academic year and beyond. This is despite the challenging local conditions. The numbers of children have increased and impact outcomes improved on almost all measures.

The financial statements attached reflect the scaling back of fundraising for a second year as a consequence of the conditions above, with minimal payments received or made directly by BFE. Fundraising specifically for phase ¾ an 5 will re-commence when it is judged that conditions have reached an acceptably low risk level, which, as stated above, is becoming more of a possibility. General

fundraising to support the staff and pupil development continued and did raise £1,246, but all was paid direct to TWL and forms part of that charity's accounts.

Activities

The activities in the year focussed on maintaining the development path laid out. Rigorous and regular monitoring /evaluation of school improvement not only provided evidence of the impact made but also became the basis of an agreement with the Ethiopian Ministry of Education that a change of school leadership was necessary to ensure that the implementation progress could be maintained and accelerated. This was actioned just after the end of this reporting period.

The paths established in 2021/22 have been continued and further developed:

Organisation type: CIO Other names: none Gift aid: Not yet recognised by HMRC for gift aid other Regulators: No information available

Building Futures Ethiopia 1190494 CC16a
Receipts and payments accounts
For the
period from		 01/09/2022 To 31/08/2023

Section A Receipts and payments

Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ **to the nearest £ ** **to the nearest £ ** **to the nearest £ ** to the nearest £
A1 Receipts
Website Donations - - - - 50
- - - -
- - - -
- - - -
- - - - -
- - - - -
Sub total (Gross income for AR) - - - - 50
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
**Total receipts ** - - - - 50
A3 Payments
Bank Charges - - - 24
Loan from Trustee for establishment costs - - - 1,000
Randal Charitable Foundation - - - 10,000
TWL for Uniforms - - 500
TWL for operatingexpenses 48 - - 48 917
**Sub total ** 48 - - 48 12,441
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
**Totalpayments ** 48 - - 48 12,441
Net of receipts/(payments) - 48 - - - 48 - 12,391
A5 Transfers between funds - - - - -
A6 Cash funds lastyear end 50 - - 50 12,441
Cash funds thisyear end 2 - - 2 50
Building Futures Ethiopia Building Futures Ethiopia Building Futures Ethiopia 1190494 CC16a
Receipts and payments accounts
For the
period from		 01/09/2022 To 31/08/2023
Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestricted
funds		 Restricted
funds		 Endowment
funds
to nearest £ to nearest £ to nearest £
B1 Cash funds VM Bank 50 - -
- - -
- - -
Total cash funds 50
 - -
(agree balances with receipts an dpayments account(s)) Agreement Error OK OK
Unrestricted
funds		 Restricted
funds		 Endowment
funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B3 Investment assets - -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the
charity’s own use		 - -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
B5 Liabilities -
-
-
Signed by one or two trustees on behalf
of all the trustees		 Signature Print Name Date of
approval
Ms S. Eland
Mr M J Hands

CHARITY COMMISSION FOR £NGIAND AND WAIE5 Recei tsand ments accounts CC16a Ftxth• To 31n18r2023 Scction B St,Itement of asspts and liabilities at tlie eiicl of Ilie periocl Unrestricted Restricted Endowment D•talls 81 Cash fimdi To¢41 R•sirtct•d Enth)wm•rt funds lunds fundB D•tl ¥J tornx•#£ D•t•l D•tslls B4 A•wts r•takn•d for th• 86 U•bllt ofal ** Pilrrt N 8. Eknl MIMJHar

Bulldlng Futures Ethlopla 1190494 CHARITY (OMMISSION FOR ENGIAND AND WALES Recei tsand ments accounts To 31IW2023 CC16a or 0110912022 Section A Receipts and payments Unr&strict8d Restricted Endowment fvnds funds funds 10 n•arq•t É 10th9 r•r••tÉ toth• nearnst£ to tha noare•t E trth• n8oreBt£ Total funds Last year A1 Re¢al WebsilE Owats"c Sub total(Gmss income forAR) table. Total rn¢elpts Bank Ch Loan from Trustee forestabl￿hn￿rt cos18 Randal CharhaNe Found8¢ion TWL for Unrfoms TWL foropraii 1.000 10,000 500 917 12,441 Sub total A4 A8s•t and In¥wtm•nt Sub total Total payments Net of recelpts/(paymonts) A6 Transf•rs b•tweon lunds A6 Cash funds 148t year •nd Cash funds thls year 12,441 12.391