BACE
To advance the education of the public in poor communities in The Gambia in particular but not exclusively, by providing learning materials to established schools and building new schools where they do not currently exist.The relief of sickness and the preservation of health amongst people residing permanently or temporarily, particularly but not exclusively in The Gambia, West Africa.
Financial health, per its FY2024 accounts
The accounts state that total funds carried forward increased to £73,820 from £58,339 in the prior year, resulting from higher fundraising income and lower expenditure. The trustees confirm that these reserves continue to meet the stated policy target of maintaining a minimum of 12 months of operating costs. The financial statements were prepared on a receipts and payments basis without independent audit or examination.
What the accounts disclose
“Currently the Trustees deem that the appropriate level of reserves should be a minimum of 12 months operating costs.”
Trustees
- TRACY MENDYchair
- CHARLOTTE BARNETT
- CHRIS LILLEYSTONE
- Dr FRANCES WARREN
- Fara Mendy
- HOWARD TAYLOR
- Laura Cresswell
- Tania Price
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £37k | £22k |
| 31/12/2023 | £23k | £26k |
| 31/12/2022 | £30k | £23k |
| 31/12/2021 | £21k | £22k |
| 31/12/2020 | £53k | £32k |
Common questions
Is BACE financially healthy?
Per its FY2024 accounts: The accounts state that total funds carried forward increased to £73,820 from £58,339 in the prior year, resulting from higher fundraising income and lower expenditure. The trustees confirm that these reserves continue to meet the stated policy target of maintaining a minimum of 12 months of operating costs. The financial statements were prepared on a receipts and payments basis without independent audit or examination.