BFE Annual Return submission to Chari�es Commission 2023/24
Narra�ve to accompany receipts and payments
Another challenging year both for Ethiopia and our project in the troubled area of Amhara in northern Ethiopia. However, despite very challenging condi�ons, it gives BFE par�cular pride to report that the school remained open and delivered ever-improving outcomes for a growing number of children despite all the surrounding issues. The school was only one of 11% of schools that were able to remain open. Huge credit goes to the staff; the families; the educa�on authori�es and our partner charity, Together We Learn on the ground in Ethiopia for achieving this.
The ongoing, albeit reducing, civil war tensions; the weather-related destruc�on of agricultural outputs have impacted on the people of the area in close proximity to the school. Although the country’s overall economy con�nues to do well compared to other African states, the northern regions have not benefi�ed greatly. Infla�on con�nues at over 40% and some materials are in short supply locally. The UK Government con�nues to advise against travel to the area around the school. Although the Ethiopian Government’s change to monetary policy in late July 2024 created an effec�ve devalua�on of the Birr, whereby funds raised in GBP can purchase more locally, the prospects for further building remain challenging.
These condi�ons have not been conducive to further investment by BFE despite the need for addi�onal classroom space growing. The success of the school at retaining pupils into later years and at a�rac�ng new pupils means the urgency is clear. However, during the repor�ng year of 2023/24, the condi�ons were not appropriate to re-commence our fundraising drive. This is to con�nue the school’s progress toward the goal of a complete, model school that can demonstrate the advantages to all children, especially girls. In addi�on, to both locally and regionally enhance educa�on and community involvement.
CHARITY COMMISSION FOR ENGLANO AND WALES Bulldlr¥ Futhrn• Ethlop 1190494 Recei tsand ments accounts CC16a ¢gen 01A)gr2¢Y23 To 31m8r2024 oction A Receipts and payments R•strfctsd En(SowmeiTrt fund• fund• Total funds La•t yoar th• MAr•t£ knlh• MAr••t£ kn th• n•u••t£ kn Ilw MvMt£ n••r••l £ A1 Recol ts Vebgts Don8 Sub total{Gr088 income forARJ an Total ftpc•lpts Pi8nk Ckaig•5 Loan from Tru8tee for eststsi¥trllMnt ts ,'xl4i ¥4nJrlt•bla Foundation IWL for Unlform8 YWL Sub total J44 Amot and InvMtm•nt Sub total Tot•lpayments Net of rncolptrfpaymentsj A6 Tranaforn between fund• A6 Cash funds last year end Cash funds thls yw •nd
I CHARITY COMMISSION FOR ENGLAND AND WALES Bulidln9 Futurn• Ethlopla Recei tsand ments accounts CC16a To 31108r2024 _ii B Statement of assets and liabilities at the end of the period Unrestrlctod Ro8trl¢t•d Endowment fundi fuftds lund8 to •oare•¢e to n•af••t£ to ••rt£ tsawories Oetalls 131 Cash lund# Total cash lunds lund• fund8 fund• to n•th•t£ lo n••r••t £ to nMr••t£ D•tal 132 Other mon•tary 4880ts Fwbd ID thl¢h Cwr•nt va D•tslls Co•tlopOM•ll B3 Invo8lmont aM•ts Detal CoBtlopOoMII Cwr•nt v•lu• i.m Aseets rntalned for th• <:harlty'• own u•e FuTrd to Thlth AmouDt du• •n du• D•tsl B5 Llablllt18• eiigned ty ¢xo ortsrfo tftmt• ¢)n l)•hdl of 811 the trualeei DAts of Signaiurn Prtnt Name M•S.E Is MrMJHan 20-Jun-25