BFE Annual Return submission to Charities Commission 2024/25 

## Narrative to accompany receipts and payments accounts 

Academic year 24/25 was unfortunately mostly a continuation of 23/24 - Yet another challenging year both for Ethiopia and our project in the troubled area of Amhara in northern Ethiopia. However, despite very challenging conditions, it gives BFE particular pride to report that the school remained open throughout this academic year for a growing number of children despite all the surrounding issues. Huge credit goes again to the staff; the families; the education authorities and our partner charity, Together We Learn on the ground in Ethiopia for achieving this. 

The wider factors surrounding the school are finally showing signs of improvement at the end of 2025. The Civil War tensions and pressure on local agriculture are still there but improving. Ethiopia’s overall economy continues to do well compared to other African states. Inflation figures are finally falling and the currency seems to be stabilising after the July 2024 effective devaluation. 

Last year we reported that the 23/4 conditions had stopped further investment by BFE despite the need for additional classroom space growing as a result of the School’s success. 25/26 will see our fundraising drive re-start in earnest. This will be to continue the school’s progress toward the goals of a model school that can demonstrate the advantages to all children, especially girls, as well as enhancing local and regional life chances and community involvement. 



CHARITY (OMMISSION
FOR ENGIAND AND WALES
B￿ldIng Fulwe• EthIL
11W194
Recel ts and
ents accounts
CC16a
e peri
01h)912024
70
3110er2Q25
Sectioii A Receipts and payments
Unre8trlct•d R•Btrleied Endowm•nt
fund•
lufids
fund•
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A1 Recel
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Sub lotal(Gross inc￿10 lorAR)
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Sub total
A4 AM•1 •rKI Inv•gtm•nt
Sub total
Net of rec•lplrfpaym•nts)
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A6 Cash fund$ last Tr•1 ond
Cash funds th's J*•r•

CHARITY (OMMISSION
FOR ENGLAND AND WALES Recei
tsand
ments accounts
To
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CC16a
or
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from
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Total c48h funds
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funds
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Print N4
Date of
rov
26
M8 S. Eland
Mr M Handi