## 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 ￿••r￿t£
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 T*hlth 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