**Trustees' Annual Report for the period** |**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|| |---|---|---|---|---|---|---|---|---| |**From**|Period start date|||**To**|Period end date|||| ||**1st**|**Aug**|**2024**||**31st **|**July**|**2025**|| ## Section A Reference and administration details **Charity name** **BAICE LTD** **Other names charity is known by** British Association of International and Comparative Education > **Registered charity number (if any) 1198916** **Charity's principal address** BAICE LTD 14 Rosemary Avenue Earley READING Postcode RG6 5YQ **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Alison Sarah Hemmings-
Buckler|Chair||| ||Namrata Rao|Vice-Chair||| ||Ricardo Sabates Aysa|Treasurer||| ||David Turner|||| ||Jennifer Jomafuvwe
Agbaire|Secretary||| ||Anesa Hosein|||| ||Surya PratapDeka||Since May2024|| ||LI Jingyi|||| ||Thushari Welikala|||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Constitution (eg. trust deed, constitution) How the charity is constituted Charitable Incorporated Organisation (eg. trust, association, company) Trustee selection methods (eg. appointed by, elected by) New trustees are appointed by members of BAICE LTD during the Annual General Meeting every year. ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. The Trustees supported by other members of the Executive Committee support the day-to-day running of BAICE LTD. There are 16 Executive Members, out of whom 9 are currently Trustees. These 16 Executive Members are primarily responsible for BAICE LTD to achieve its objective which is the advancement of education for the public benefit in the subject of Comparative and International Education. All members of the Executive Committee are responsible for the correct application of the various policies and procedures to ensure transparency and equality and minimise any potential risks which may face the organisation. The financial aspects of BAICE are led by the Treasurer, who is a Trustee, and supported by a Finance Manager, who is hired as a consultant to carry out the operations of BAICE. All operations are overseen and authorised by the Treasurer who follows the procedures set out and approved by the Executive Committee. The Treasurer and the Finance Manager are responsible for keeping accurate accounts of all transactions and for preparing the accounts for the end of year Independent Examination and for presentation of accounts at the BAICE AGM (which takes place annually) and also at each of the Executive Committee Meetings, which take place every quarter. Therefore, there is regular oversight of accounting records and processes by the trustees as well as by members of the Executive as well as all members of BAICE LTD during the AGM. BAICE LTD does not employ staff. Yet, BAICE LTD pays for the support that is received to be able to achieve the objectives. In particular, BAICE pays for a BAICE Support Officer to keep track of BAICE membership, announcements, and activities. BAICE pays for a COMPARE Editorial Assistant to support with the day to day running of the COMPARE Journal. BAICE also covers an honorarium for the COMPARE Editors for their time and leadership with reviewing the manuscripts submitted for publication in the Journal. Finally, as indicated in our Constitution, BAICE supports an honorarium of £1,000 for the Chair for their role as the Chair of COMPARE Editorial Board (which is indicated in our accounts for transparency), as well as an allocation of maximum £5,000 for the BAICE President to support them with research/preparation of their Keynote Speech which takes place during the BAICE or UKFIET Conferences. Ultimately, the Trustees ensure that the charity is being run satisfactorily by those delegated to do so, including compliance with Risk Management Policy, Conflict of Interest Policy, Grants Policy, Register of Trustees Interest and Data Protection Policy, all of which have been prepared by our Solicitors and approved by the Board of Trustees, will be reviewed annually, and that the charity is operating for the public benefit. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ||The main object of BAICE LTD is the advancement of education for the
public benefit in the subject of Comparative and International Education.|The main object of BAICE LTD is the advancement of education for the
public benefit in the subject of Comparative and International Education.| |---|---|---| ||The activities to achieve this object follow into four main categories:|| ||(1)|Arrange and provide for meetings and conferences on subjects of| |||general and special interest in the field of Comparative and Inter-| |||national Education.| ||During|this financial year, we undertook the following activities:| ||•|Provided support for the BAICE conference 2024 which took| |||place at the University of Sussex in September 2024.| ||•|We offered support for Honorary members to attend the confer-| |||ence and we contributed with a discount for BAICE LTD members| |||to attend the conference.| ||•|We covered for the costs of the BAICE President to give the Key-| |||note Speech which was recorded and disseminated publicly.| ||(2)|Stimulate knowledge and research in the field of comparative and| |||international education through cross-disciplinary studies, the dis-| |||semination of research results, the formation of networks, and
support for training schemes.| ||To stimulate knowledge in the field, we performed the following activities:|| ||•
•
•|Student fieldwork grants were awarded to three students in this
period
The network research grant was awarded to Nottingham Trent
University to engage with linguistic rights in England and Finland:
Complementary education toward language diversity.
Two seed-corn grant were awarded. The first to researchers in| |||Manchester Metropolitan University to understand the interplay| |||between education and life in streets for children in Kenya and the| |||DRC. The second was for a team of UK based academics work-| |||ing on digital literacy for Eritrean refugees and asylum seekers in| |||the UK. The second award was to Anglia Ruskin University.| ||•|Blog Series are opened to the public via our website| |||(https://baice.ac.uk/baice-blog/)| ||•|We continued our podcast series opened to the public via our| |||website since October 2022.| ||(3)|Provide for the publication of the Journal COMPARE: A Journal of| |||Comparative and International Education, which enhances| |||knowledge in the subject.| ||Our support for COMPARE continues to be:|| ||•|Covering the cost of the COMPARE Editorial Assistant| ||•|Covering for the honoraria of 4 COMPARE Editors| - Supported the Compare Fellow initiative led by the Journal’s editorial board; - Supporting and facilitating COMPARE initiatives, administrative and governance issues including, appointments of new editors and members of the editorial board - (4) Provide for the publication of other journals, conference proceedings, and research reports in the field of Comparative and International Education. We are currently supporting and promoting the field of Comparative and International Education via our membership to: - Academy of Social Sciences (AcSS) - World Council for Comparative Education Studies - We have also nominated members of BAICE as members of the Academy of Social Sciences and report that two members have been duly elected as the AcSS Fellows. - Members of BAICE continue to engage in research which can be published in any other journal in the field and attend other regional, national and international conferences which are relevant to the field. BAICE membership is open to all people working in the field of Comparative and International Education. All publications which are funded by BAICE are in open repositories and public libraries which can be accessible to the general public. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; Since the registration of BAICE LTD, we completed and adopted our Grants Policy. This document has been fully operational since November 2022 and before the funding grants for BAICE during this financial period. We do not have any paid employees. All of the activities of BAICE LTD are provided by volunteers who are members of the Executive Committee. - contribution made by volunteers. Section D Achievements and performance |**Summary of the main**
**achievements of the charity**
**during the year**|**_Conferences_**
•
Supported the planning and delivery of BAICE conference that
took place in Sep 2024
•
Supported the organisation of the UKFIET conference which took
place in September 2025.
•
BAICE president delivered presidential address at the BAICE
conference
•
BAICE members had a significant presence at the CIES
conference (March 2025)
**_Provision of Grants and Support_**
•
Awarded seedcorn grants, student fieldwork grants and
conference bursaries for doctoral students and early career
researchers
**_Supporting for COMPARE Journal_**
•
Compare Fellows from Uganda selected and visited UK
institutions for professional development and collaborations
•
The composition of Editorial Board internationalised with
appointment of three members of the board from outside the UK
**_Membership to Similar Organisations_**
•
Academy of Social Sciences.
•
UKFIET (The UK Education and Development Forum)
•
World Congress of Comparative and International Education
**_Meetings (Executive Committee Meetings)_**
•
We have opted to retain at least two meetings on-line as this
reduces the costs of travel and transportation and enables
flexibility for members to meet from diverse locations within the
UK and abroad.| |---|---| Section D Achievements and performance **Summary of the main achievements of the charity during the year (cont.)** ## **Section E Financial review** |**Brief statement of the**
**charity’s policy on reserves**|The income of BAICE is mainly from royalties (£104,131). We also have
income from membership (subscriptions), which is (£4,830). Bank
interest was £5,818. We also have sponsorship income for our
Conference and trading activities which was (£69,311)
Our expenses align with the objectives of BAICE LTD. As indicated in our
Constitution, we have a small honorarium for the Chair of BAICE of
£1,000 per financial year. To support the operations of the COMPARE
Journal we have expenses which amount to £30,573 which are for the
Editorial Assistant, the honoraria for the Editors of the Journal and for
providing the new writers workshops (£4,169) to enhance the quality of
submissions for the Journal. There were no payments for honorary
fellows this year.
To support the running of BAICE as an organisation, we have expenses
for travel and meetings (£5,911), payment to the BAICE support officer
who keeps track of the membership and supports the logistics of
activities (£3,997), payment to the BAICE financial manager to support
the day-to-day financial transactions of BAICE and the financial planning
for the BAICE conference (£53,970).
An important aspect of the public benefit of BAICE is to support students
and early career scholars (and the general public) with dissemination of
events, provision of grants for students, support network grants. The
amount given in BAICE projects was £11,816. It is important to note that
the process for the selection of awards takes place during the previous
financial year, but only allocated during the current financial year. Hence,
next year we will have new projects being funded.
Other minor expenses include website and publicity, subscriptions to
learned associations, and sundries.| |---|---| Other management expenses include website and publicity, subscriptions to learned associations, bank charges insurance and sundries. Payments to the BAICE financial manager to support the day-to-day financial transactions of BAICE and the financial planning for the BAICE conference totalled £11,066 for the period. There were also Accountancy fees of £1,584 and Legal fees of £540. As mentioned earlier, BAICE LTD has a system whereby budget is allocated for grants and awards and these are selected during the current financial year, but the commitment of the funds is for the following financial year. This is due to the nature of the awards. One particular award, for instance, is to attend the BAICE or UKFIET Conference which takes place in September of every year. But the award is selected between May and June and informed to the beneficiaries that this is only available during the following financial year. Expenses accrued in relation to grants awarded in the period total £11,245. ## **Reserves Policy** BAICE LTD has a policy of maintaining a reserve of £100,000 for the running of the charity. The policy is tentatively equivalent to the income that is received in one year from Royalties and if these Royalties were to be suspended, then the organisation will have to reprogramme its activities. While we do not see this as a risk in the near future, the minimum balance policy was established as a precautionary measure. **Details of any funds materially in deficit** ## **Further financial review details** You **may choose** to include additional information, where relevant about: Our income comes from: - Royalties generated from the COMPARE journal (54% of our - relevant about: income this financial year). - • the charity’s principal • Membership to BAICE (about 3% of income) sources of funds (including • Interest rates from Bank Account (about 3% of income as interest any fundraising); rates have increased) - • how expenditure has • There is an option of “other income” which is used for supported the key objectives sponsorship for our events and since we led our annual of the charity; conference, this is trading income which amounted to (about 40% - • investment policy and of income this year). The BAICE conference is biannual. objectives including any ethical investment policy adopted. ## **Section F Other optional information** BAICE LTD has been registered as a Charity in May 2022. BAICE. However, as an Association, BAICE has existed for a number of years. We have always presented accounts independently verified by external accountants. We are therefore providing the Charity Commission with the verified accounts from last year, as BAICE LTD. ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position**
**Date**||| |---|---|---| ||Ricardo Sabates Aysa|Alison S. Hemmings-Buckler| ||Treasurer|Chair| ||14-3-2026|| ||14-3-2026|| BAICE LTD DETAILED STATEME￿ OF FINANCIAL A￿1VITIEs FOR THE YEAR ENDED31 JULY 2025 2025 2024 INCOME AND ENDOWMENTS Donations ind IcE•¢i¢s Royalties 4￿d S¢ile5 Subscripiions 99.301 4.830 102.200 8.673 104.131 110,873 Other tr4ding *divllles Swnsorship income 74,141 Investment Ineome tkrA)si¢ yc¢ounl in*Tesi .$.818 4.1.$5 Total 5Dcoming T¢￿Ur¢￿ 120.553 EXPENDITURE Chlrltsble getlvltlej l-.ditorfs fees &. eX￿nSeS Compare ediiiTrrial New writer5 Workshop Grants 14.*77 16.796 4.169 12.2$ 15.43 4.010 26.957 58.649 Support c￿19 Man#gernent Insurance Suimjiv ¢AV¢iLty¢b Websi1¢ manogement BAICE supw)n Conference support Subscriptions Travel & subsi$ien¢e 374 391 3.014 3.997 53.970 46$ .5.991 3%5 87 2.10? 2.068 .$.4?4 696 2.067 68,202 22.799 FlnaTrtt Bank" charbTes Fir&gncial admin fees and exp's 103 11.066 2.-533 11.169 2.648 This pa8e f￿n portofth¢ sts*ments Pa8e 16 BAICE LTD DETAILED STATEMENT OF FINANCIAL AcfivJTIES FOR THE YEAR ENDED31 JULY2025 2025 2024 Flrtante Govern8nC¢ V)513 Accounlancy fees Legal fees 1.584 54 .7.$? 1,393 2.124 3.145 Ttttal refnLJrceg ex￿.n￿e￿ 87.?41 IY¢t IDforne 56.037 33.319 Thi$ kn5 fm ofthe sts1￿(mY finanriol sw¢ments Page 17 REGISTERED COMPANY NUMBER: 135641H (England and Woles) REGISTERED CHARITY f4UMBER: IJ98916 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 FOR BAICE LTD Bet)knJs Chartered Certified Accountants Abki. House 51 High Street Saffron Walden CBIO IAF BAICE LTD coNrEKTS OF THE FINANCIAL sfATEMENrs FOR THE YEAR ENDED JI JULY 2025 Page Report of ihe T￿￿t￿3 I to 6 IDdependent Examiller'g Rewrt St*t¢m¢Dt of FiD*Dci*l Actryilics St*temeDt of FiD*Dci*I Positio 9 10 10 Notes to the fiun¢l*l St*¢emtnts D¢tsii¢d St*teThent of Financial Aetii'ities 16 10 17 BAICE LTD REPORT OF THE TRu￿EEs FOR THE YEAR ENDED 31 JULY 2025 The trustees ￿'hO are also dirttiors of the ¢haTii•¥ for ihe purw)ses of the Companies Act 21KI6. prtsent their report thiih the financial statements of the charits. for the N'ear ended 31 Julv 2025. The trustees have adopted the provisions of Accounting and Re￿ningY by Chariites.. Stsiement of RecoTnTnended Pra¢ti¢e appli¢able to charities preparing their accounts in ￿COrdanCe with the Finwial ReTX)ning Stsndard appli¢able in the UK and R¢publi¢ of Irela￿1 (FRS 1021 (effective l January 2019). BAICE LTD REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 JULY 2025 OWECTIVES AND ACTIVITIES Signifi¢*nt acttyiti The main object of BAICE LTD is the adVa￿eMen[ of educaiion for the publi¢ ￿ner11 in the subjeci of Comparative and Int¢rnai1on￿ Educatio The actiVlli¢s to achieve this object follow anto fow main cai¢gories'. I I l Arrdnge and provide for meetings and conferen¢e5 on subjects of geneTal and 5rrtia] interest in the field of Comparaiive and Iniernational Education. During this fitwKial year, we undertlKyk the following &tivities'. Provided supwyrt for the BAICE conference ?024 which t(M)k place ai ihe University of Sussex in Sepiember 2024. . We offered SUp￿rt foT HoTK)rary memi*rs to attend th¢ conferthKe and we contributed with a discount for BAICE LTD members to attend th¢ Confere￿e. - We covered for the costs of tk BAICE President to give the Koimxe SF*ech which was ￿Corded and disseminated publicly. (21 StImul￿e know'ledge and research in the field of comparaiive and iniemational education through cross-disciplinat). stEKties. the dissemination of research results. the fomiation of networks, and support for training schemes. To stimulate knowledge in the fiel¢l we ￿fOrmed the following ￿tIvities. - Student fieldwork. grdnts M'ere awarded to three 5tL¥Jents in this ￿n(KI The neI￿Ork research grani i%as am'arded to Nottingh￿ Tr¢nt Universiti, to enwe with linguistic rights in England and Finland.. Complementw). educaiion toward language diversity. - T￿.0 seed-com grants were awarded. The fiN to researchers in Manchester MetroFA>litan University 10 undetstand the inieTpI￿. between education aThl life in streets for children in Ken)'a and the DRC. The se¢ond was for a team of UK b&sed a¢odemics ￿Ork.]ng on digithl li￿13¢￿ for Eritrean refugees and asylum seekers in ihe UK. The second was for a team of UK b&sed a¢ademics M"orking on digital literacy for Eritrean refugees and &svlum seek.ers in UK. The ￿0nd award ￿'aS lo Anglia Ruskin University. - Blog Series are opened io the public via our websile {https.'lthai¢¢.ac.ukthai¢e-blogli - We continued ￿K1(ast series opened to the public via our ￿ebSIte s]￿e October 2022. (31 Provide for the publicaiion of the Joumal COMPARE: A Jowl of Compardtive and Iniemational Educaiion, which enhances kTh)wledg¢ in the subjert. Our support for COMPARE continues ￿ be: - Covering oosl of the COMPARE Editorial Assistsni - Covering for ihe honoraria of 4 COMPARE Ediiors - Supported the CoJnpare Fellom initiatiN'e led b!. the Joumal'5 ediioTia] iN)ard Supporting and faciliiaiing COMPARE iniiiaiiv¢& administrative and governance issues tn¢ludin& ap￿IntmentS of new editors and members of the ediioriol ix)ard. {41 Provide for the publicaiion of other jouma]s. conference proceeding& and research re￿rtS in the field of Compa￿]Ve and International Educatio We are currently supwrting aThl prom￿1ng the field of Compa￿]Ve lnieTnation￿ Education via our membership to= - AcadeJny of Soctat Sciences (ACSS) - World Council for Comparaiive Education st￿lies BAICE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2025 - We have also nominaied mem￿ts of BAICE as members of the A¢￿¢mY of Social Sciences and report ihai itho m¢mlrrs have dulv el¢(ted as the ACSS Fello￿.5. - Members of BAICE continue lo engage in research iihich can ￿ published in anv other journal in the field and attend oiher regional. naiional and inteTnationai conferen¢es M'hich are relevant to ihe field. BAICE mem￿rShIp is open to all people working in the field of CompgIative and International Educalion. All publications which are funded bi. BAICE are in open repositories and public libraries which can be accessible to ihe genera] public. Since the registration of BAICE LTD, we complded and adopted our Grdnts Policy. This documeni has been fully operotional since NOVem￿r 2022 aJMI before the funding grants for BAICE during this financia] Èxrityj. We do not have any paid eTnployees. All of the ¥livilies of BAICE LTD are pmiyded by volunteers who are members of the Executive Committee. ACHIEVEMENTS AND PERFORMANCE Charitsble activities Conferences Supported the planning and deliver! of BAICE conference ihai I￿k place in September 2024 - Supported the organisation of the UKFIET conference which t(K￿. plxe in S¢piemi*r 2025 BAICE president delivered presidential address at ihe BAICE conference - BAICE members had a signific9￿1 presence ai the CIES conference (March 20251 ProvL8iOD ofGrallts and SUp￿rt - Awarded seedcorn gran￿ studeni fieldwork granis a￿1 conference bu￿leS for d￿0rd1 students and early career researchers Support for COMPARE Journ*l Compare Fellows from Uganda selecied and visited UK ir6titulions ftir professional development and collaborations - The com￿>51110n of EditOTial Board internationalised with ap￿intMent of tI￿ee members of Ihe board from outside the UK Membership to Simllar OTganiutioDs - Academy of Social Scien¢es. - UKFIET (The UK Education Development Forum) - World Congress of Comparative and Iniernaiionai Edwation Meetings {Exe¢¥tive Committee Meetings) We have opted io relain at least M'o meetings oTrline as this redwes the costs of travel and trdnsp)rtation and enables flexibility lor mem1￿$ to Tneet from diverse lo¢aiions ￿7th1n the UK and abroad. BAICE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2025 FINANCIAL REVIEW PTincip41 funding sourtts Our income comes from.. - Ro>'alties generated from ihe COMPARE journal lappToximatelv 54•/0 of income). Income from other actii'ities including SFrf)nsorship income lapproxim*el) 400/0 of in¢omel Membership io BAICE lapproxim8telN 30/0 of income). - Interest rales from Bank. Accouni (approximately 30/0 of income). The income of BAICE L TD is mainlv from roi'aliies. ￿t$ and other income totalling of £173.441. We also have in¢om¢ from Tnember5hip (sub￿ripl10￿sI, which is £4.830 and bank inknt of £5,818. Expendithre Our expenses align with the objeciives of BAICE L TD. As indicated in our ConstitutiotL we have a small honorarium for the Chair of BAICE. To supwrt operations of the COMPARE Journal we have expenses which amouni to £30,573 M'hich are for the Editorial Assistsnt and the honoraria for the Editor5 of the Journal arKI for providing the ne￿ writers workshops {£4,169} to enhan￿ the quality of submissions for the Joumal. There are also paymenis to hO￿rary fellows. To suppon the running of BAICE a5 an organisatioo M'e have expenses for travel and meetings 1£5,991}. payment to the BAICE supp)rt officer who keeps of the MeM￿rShIp and supwrts the logisiics of activities (£3.997), paytncnt ￿ the BAICE finarLcial manager IO supwrf the day-to-da!, financial transaclions of BAICE a￿1 the financial planning for the BAICE confererKe. together wilh the conference fees and exp¢ns¢s1£53,9701. An importani aspect of the public benefit of BAICE is to supwrt studenis and earl!" careeT scholars (and the general publicl wilh disseminaiion of even￿ PTovision of grdnts for Studen￿ Sllp￿rt network grants. The amount given in BAICE projects £11.816. It is imwrtant to tK)* that the pr(Kess for the Selection of award5 tak.es place during the previous financiai vear. but only all0￿ed during the Current financial year. Hence, next year ￿e will have new projects being funded. Other rnanagemeni eXpeT￿e$ include ￿ebsIte and publicitv. subscripiions to learned associations, bank. charges insurance and sundries. PaN"ments to the BAICE financial man￿Ter 10 SUPFM)rt the day-to-day financial trnnsactions of BAICE and ihe financial planning for the BAICE conference iota]l¢d £1 1.066 for the periLNJ. There were also Accounlancy fees of £1.584 and Legal fees of £540. As mentioned earlier. BAICE L TD has a sW￿¢M ￿"hereb¥ budgei is allo¢aied for grants and awarth and these are selecied during ihe current financial Y'ear. but the commitTnent of the funds is for t￿ following financial year. This is due to ihe naiure of the aM'anJs. One particular am'ard. for tnstance, is to attend ihe BAICE or UKFIET Conference which tak'es place in Sepiemkr of every year. But the a￿ard is selected ￿tween May and June and anfornied io the beneficiaries thai ihis is onlN' available during the following finatbcial year. Expetk5e5 accnjed in ￿laTiOn to gr￿ts a￿'arded in the iothl £11 ?45. Reserves polio BAICE L TD has a rM)licy of mainlaining a Teserye of at ledst £l(M>.(M for the running of the charity. policv is tentaiivelj equivalent to the income thai is received in one year fmm RoN'altie5 and if these Ro)'aliit5 were to be sus￿nded. Ih¢n the organisation will have to reprogramme its aciivities. While do not see this as a risk in the near future. minimum balance ￿lIc) i%"a5 ¢Stabli5hed &5 a precaLrtionary measure. BAICE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2025 STRucfuRE, GOVERNANCE AND MANAGEMEKr Governlttg doellmeDt The charity is controlled b}. its governing document. a deed of truy. aThJ constitLrtes 8 limited company. limited bj guardntee. as defined bN' Ihe Compani¢5 Aci tiIKI6. Recruitment and appointmeDt of Them. trustees Ne%v Trustees are apix)inied bv m¢mbers of BAICE LTD during the Annual General Meeiing every year. OrganisatlODal stntcture The T￿le¢S supponed bv other members of ihe Executive Commitiee Sup[￿ the daY-t￿daY running of BAICE L TD. There are 18 Exec￿]Ve MemiYT& of whom 9 aTe currentlv Truaees. These 18 Executive MeJnber5 ar¢ primarilN' reS￿nsible for BAICE LTD to achiei'e its objeeiive ii'hich is the advancement of education for ihe public benefit in the 5ubje¢i of Comparaiive and International Education. All members of the Executive Committee are resFK)nsible for ihe correct application of the various t*)licie5 and procedures 10 ensure trdnsparency and equality and minimi5e any weniial risks ivhich may face the organisation. The financial as￿¢15 of BAICE are led by the Trosurer. who is a Trustee. and supw)rted by a Finance ManageT, who is hired &s a consultsni io carr%. the operations of BAICE. All operations are overseen and authorised by the Treasurer thho follows the pr(*edures sd oui and approved b>. the Executive ComTIbit￿. The Treasurer and the Finance Manager are reswnsible for keeping accurate accounts of all transaciions and for pr¢paringTr the accounts for the end of l'ear Independent Examination and for presentation of a¢¢ounts at the BAICE AGM Iwhich takes place amuall!.) and aiso at each of the Executive Committee Meetings, which take place every quarter. Therefore. there is regular oversight of accounting records and processe5 by the trusi¢¢s as well as bv memF*rs of ihe Execuiive as well as all members of BAICE LTD during the AGM. BAICE LTD doe5 not employ sthff. Y¢1. BAICE LTD pai's for the supFM)rt th￿ is received to be able lo achieve ihe obje¢iives. In panicular. BAICE pavs for a BAICE Supw)rt Officer to K'eep track. of BAICE membership, announcements. and acti%rytie5. BAICE Favs for a COMPARE Editorial A55iStant io support with the dav to day running of the COMPARE Joumal. BAICE also covers an honorarium for the COMPARE Editors for iheir lime atMI leadership u'ith revieming ihe manuscripis submitted for publication in the Joumal. FinallTr'. a% indicated in our Constitution BAICE supwrts an honotzrium of £l.000 for the Chair for their rol¢ as the Chair of COMPARE Ediiorial Board ￿￿'hiCh is indicated in our accounts for transparencvl. a5 well as an all(￿allOn of maximum £i.O(K> for the BAICE President to supwn ihem with r¢s¢ar¢tblpr¢paraiion of their Ke)'noie S￿h ￿hleh tskes place during the BAICE ￿ UKFIET Conferences. Ultimatel).. the TNstees ensure that ihe charity. is ￿Ing run satisfactoril> b), those designated io do so, including compliance ￿.]lh Risk Management Poli¢i'. Conflici of lffleresi Polic!.. Granis Policy, Register of Trusiees Interest and Data Protection Polici.. all of ￿'hICh have been prepared b). our Solicitors and approved by the Board of T￿￿tee4 will iK reviewed ann￿]ly, and that ihe charity is operating for the public irnefit. REFERENCE AND ADMINISTIL4TIVE DETAIiS Registered Company number 13564154 (England and Wales} Registered Charity number 1198916 Regi5ter¢d offJ¢e l London Sireel Reading Berkshire RGI 4PN Pag¢ 5 BAICE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 JULY 2025 Trustees Dr J J Agbaire Dr A S Hemmings-Buckler Dr A Hosein Dr E L Jackson Drj Li Professor T J Pherali {resigned 4.9.24) Professor N Rao Professor R Sabates Avsa Professor D A Tumer Dr T Welikala SPDeka Company Secretary Speafi Se¢retarial Limiied Independent Ex*miDer Bentens Chartered Certified Accountsnts Abbey House 51 High Street Saffton Walden Essex CBIO IAF Approved by order of th¢ b(Mrd of trU￿eeS on 10 Felxuary 2026 and sign￿1 on its behalf by: Dr A S Hemmings•Buckler- Tnwee Page 6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BAICE LTD Independent examlner's rewtrrt to the trustees of BAICE LTD I'¢he Company,) I rewrt io the Charl￿ trusiees on m). examination of the accounts of Company for the year ended 31 July 2025. Responsibilities •Dd basis of report As Ihe chariTh'S tr￿1¢¢5 of the CompanN land also its directors for ihe PUTposes of company lawl you are responsible for the preparation of ihe accounis in accordance u.iih the requirements of ihe Companies Act 2006 Ilhe 2(KI6 Acl'l. Having satisfied my5¢1f that the accounts of the Companv are not Tequired to be audited under Part 16 of the 2(X)6 Aci and are eligFible for indeF*ndent examinatio￿ I rewrt in rtstttt of m) examination of your harity's accounts as caTried out under Section 145 of the Charities Aci •OI I I'th¢ 2011 Act,). In carrying out my examinalion I have followed ihe Dir¢ciions given b). Ihe Charity ComTnission under Section 145{51 (bl of the2011 Aci. Independent ex*mi*er's stateMe￿t I have completed m) examination. I confirni thai no matter5 Ik7ve Come lo m) attenlion in conne¢iion with the examinalion giving me cause io believe= accounting records were not kepi in Tespeci of the Company as required by Section 386 of the 2(M)6 Act- or Ihe accounts do noi a¢cord with those records: or the accounts do not complv with the accounting requirements of Seciion 396 of the ?IK16 Act other ihan any requirement thai the accounts give a true aThl fair view which is not a matter considered &$ part of an ind¢rendent examination; or Ihe accounts ha￿'e noi i*¢n prepared in accordance with the methThts and principles of the Statement of RttOmme￿jed Practice for accounting and reporting b>. charities lapplicable to ¢harities preparing Iheir accounts in accordance ￿"1th th¢ Financia] Re￿rting Statyjard applicable in the UK and Republic of Ireland IFRS 1021). I have no concerns and have come acr055 no other matters Tn conneciion with ihe eXam1r￿lI0￿ io which attention should ￿ drnw) in ihis rewrt in order to enable a prO￿r understsnding of the accounts to be reached. (4 0011 Mrs Sarah Warner FCCA The AS￿latIOn ofchartered Certified Accounthnts Bentens Chartered Certified A¢¢ouniants Abbei, House 51 High Street Saffron Walden Essex CBIO IAF 10 Februarv 2026 Page 7 BAICE LTD STATKMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 2025 2024 Tolal funds Unrestricted Notes INCOME AND ENDOWMENTS FROM Lknnaiions and legA¢ies 104.131 110,873 Other trading activities Investment income 74.141 5,818 5,525 4,155 Tot*1 I84.0￿> 120.553 EXPENDITURE ON Cbaritabl¢ ¥¢tlviti¢s Overheads 128.053 87,241 NET INCOME 56.037 33.312 RECONCILIATION OF FUNDS Total funds brought fornard 213.898 180.586 TOTAL FUNDS CARREED FORWARD 269,935 213,898 The notes fomi part of these finaTKial 5talements Pag¢ 8 BAICE LTD STATEMENT OF FINANCIAL POSITION 31 JULY 2025 2025 2024 Totsl fijnds Ut)restric*d N￿e5 CURRENT ASSETS Ikbtors Cash ai bank 5.733 277.031 7.449 230,283 282.764 237,732 CREDITORS Amounis failing due within one l'eor 112,829) (23,834) NET CURRENT ASSETS 269,935 213,898 TOTAL ASSETS LESS CURRENT LIABILITIES 269.935 213,898 NET ASSETS 269,935 213.898 FUNDS Unrestri¢i¢d fimds 269.935 213,898 TOTAL FUNDS 269,935 213,898 The ¢hariiable company is entitled to ex¢mpiion from a￿lIt under Sedion 477 of the Companies Ad 2006 for the year ended 31 July 2025. The members have noi required the compan!. to obtsin an audit of its fin￿la1 ststements for the year ended 31 July 2025 in a¢cordance with Section 476 of the Companies Aci. The Irusiees ackM>wledge their resp)nsibililies for (a) ensuring thai lh¢ charitable company keeps accoLbnting records ihal comply with Sections 386 and 387 of the Companies Aci 2￿6 and (b) preparing fiTwJcial statements which give a true and fair vie￿. of the stale of affairs of the charitable company as at the end of each financial l'ear and of its surplus or deficii for each financial year in accordance ii'ith the requiremenis of Sections 394 amd 39) and ￿"hICh otheN'ise cornpl>' with the requirements of ihe Companies A¢t ?(K)6 relating io financial statements. so far as appli¢able to the charitable company. The TW fomi part ofthese fin￿la1 sthtements Pa8e 9 ¢oniinued... BAICE LTD STATEMENT OF FINANCIAL P0S￿l0￿- ¢ontiDued 31 JULY 2025 These fina￿la1 siaiements have [￿en prepared in ￿CordanCe with ihe provisions applicable to charitable companies subjecl to the small companies regiTne. The financial statements were approved bv the Board of Tnjsiees and a￿￿rised for issue on 10 Febn]aJ)' 20?6 and were signed on its iKhalf b￿. }< A S Hewnmings-Buckler- TTusiee R Sabai¢s Aysa- TT4Li be dire¢tlN' allributed to particular headings they have i*¢n allo¢aied to aclivities on a basis consisieni ￿1th the use of resour¢es. Grdnts offered 5vbje¢t io condiiions H'hich have not been mei al ih¢ year eThJ date are noted as a commitment bui Mt accrued &$ expenditure. Taxation The chariiy is exem0 from corrKJrniion w on its charitable activitie5. Fund aeeounting Unresirict¢d funds can ￿ used in K¢ordan¢¢ WTih the charitsble objectives ai ihe discretion of the irustees. Restricted funds can onlN be used for parti¢ular resthcied purw)ses ￿1th]n the objects of the charits,. Reslrictions arise when S￿]rIed M the donor or uhen funds are raised for particular r¢strict¢d purposes. Further explanation of the nature and puryw of c7￿h fuMI is included in the notes to ihe financial stsi¢menis. Pa8ell ntinued... BAICE LTD NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDEDJI JULY 2025 OTHER TRADING A￿1VITIEs 2025 2024 Sponsorship in¢ome 74.141 5.-$25 INVESTMENT INCOME 2025 2024 Deposit accouni interest 5.818 4.155 TRUSTEES, REMUNERATION AND BENEFITS There w'ere no tNstees' r¢muwation or oth¢r ￿ner]l$ for ￿ )¢ar ended 31 jul￿ 2025 Mr for the year ended 31 July 2024. Trnstees, upenses There were no trustees, expeTWS paid for the year ended 31 July 2025 nor for th¢ year ended 31 July 2024. COMPAIi4TIVES FOR THE sTATEmE￿r OF FINANCIAL ACttVlTIES Llttresthcted nd INCOME AND ENfK>wMENTS FROM Donations and legacies 110.873 Other trading activities Invesimeni income 5.525 4,155 Totsl 120.553 EXPENDITURE ON Charitable *¢tiviti¢s Overheads 87,241 NET INCOME 33.312 RECONCILIATION OF FUNDS Total fvtids broughi foniard 180.586 TOTAL FUNDS CARRIED FORWARD 213.898 Page l2 continued... BAICE LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025 DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2025 2024 Prepavments and accrued income 5,733 7,449 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors Accruals and deferred i￿ome 11,245 1,584 22.142 1.692 12.829 23,834 MOVEMENT IN FUNDS movement in funds At 31.7.25 At 1.824 Unrestricted funds Generdl thd 213,898 56,037 269,935 TOTAL FUNDS 213.898 56,037 269,935 Net movement in funds. included in the aErf)ve are as follows: Incomin8 Re￿urCeS Te50urc¢s ￿petsded Movement ID fi]nd8 UDrestricted funds General thnd 184.lY)O (128.053) 56,037 TOTAL FUNDS 184.(M) {118,0531 56,037 Comparntives for moi'ement in funds Nd mov¢ment in funds At 31.7.24 At 1.8.23 Unrestricted fuDds General fund 180.$86 33.312 213.898 TOTAL FUNDS 180.486 33,312 213.898 Page 13 conlinued... BAICE LTD NOTES TO THE FINANCIAL STATEMENfs- eODtinutd FOR THE YEAR ENDED31 JULY 202.$ MOvEmE￿r IN FUNDS- continued Comparative net movesneni in fimd& included in ￿ above aTe &$ follows.. corning Resourtts Movemeni fEsources expended in funds UDrestrirted funds General fund 120.553 187,2411 33,312 TOTAL FUNDS 120.553 187.241) 33,312 A CUTrent year 12 months and prioryear 12 mont￿5 combined tM)sition is &$ follows.. Net nM)vement in funds At 31.7.25 At 1.8.23 Unrestrieted funds General fund 180.586 89,349 269,935 TOTAL FUNDS 180.586 89,349 269.935 A current )'ear l? monihs and prior l'ear 12 monihs combined net movement in fvThls, included in the al￿7Ve are as folloH"s'. IMTrming Ttsouttes Movemenl ID funds expended Unrestricted funds General fund 304.643 {215,?941 89,349 TOTAL FUNDS 304,643 {215,?941 89.349 Page 14 ¢oniinued... BAICE LTD NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED31 JULY 2025 RELATED PARTY DISCLOSURES There were tm) related party It￿￿￿tIOnS for the Jear ended 31 Jul). ?025. Page 15 BAICE LTD DETAILED sfATEMENT OF FINANCIAL A￿1vITIEs FOR THE YEAR ENDED JI JULY 2025 ?0?5 2024 INCOME AND ENDOWMEKrs Don*tions #Dd Iyeies Rojalties and sales Subscription5 99.301 4,830 102.200 8.673 104,131 110.873 Other Inding #etivities Sponsorship income 74.141 5,525 Invfstment ineome tkposit account inieresi -S.818 4.1.55 Totsl incoming resowrees 184.0(X) 120.-553 EXPENDITURE Chgrltable activities Editols fees & ¢xtKnses Compar¢ ediiorial &ssi5tance New writers workshop Grants 14.277 16.796 4,169 11.816 12.250 15.432 4.010 26,957 46.558 58,649 Support costs ManagemeDt Insurance Sundry eX￿seS Website management BAICE support cOnfe￿nce supwrt Subscripiions Travel &. subsistence 374 391 3,014 3.997 53,970 465 5,991 355 87 2.102 2.068 15,414 696 2.067 68,202 22.799 Finance Bank. chargT¢5 Financial admin fee5 and exp's 103 11.066 2,533 11.169 2.648 This w¢ part of the financial sthtements Poge 16 BAICE LTD DETAILED STATEMEKf OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED31 JULY 2025 2025 2024 Finance Govtrn¥n¢e Costs A¢¢ountancv fees Legal fees 1.584 540 ,752 .393 2.124 3.145 Toia] resources exwided 128.053 87.241 Net income 56,037 33,312 This pa8e (kn forni port of the ststutory financial 5tatCTnents Page17