BRAC UK's 2023 Annual Report
INTRODUCTION
BRAC is an international development organisation founded in Bangladesh in 1972 that partners with over 100 million people living with inequality and poverty to create opportunities to realise their potential. BRAC is known for its community-led, holistic approach and delivering long-term impact at scale. BRAC works with communities in marginalised situations, hard-to-reach areas and post-disaster settings across Asia and Africa, with a particular focus on women and children. BRAC operates as a solutions ecosystem, including social development programmes, social enterprises, humanitarian response, a bank, and a university. BRAC is born and proven in the south and has become a world leader in developing and implementing cost-effective, evidence-based programmes.
BRAC UK
Based in London, BRAC UK was founded in 2006 and works to amplify BRAC’s impact by developing partnerships with local and global organisations, donor agencies, academic and research institutions, governments and individuals in the UK and Europe. BRAC UK also raises awareness about BRAC’s cost-effective and evidence-based poverty innovations and uses the practical knowledge BRAC has developed over 50 years to inform and influence the policy and practice of others.
Below is a summary of our 2023 Annual Report. To read the full version of the report click here.
Quotes
During 2023, many lower income countries have begun to recover from the major setback to poverty reduction caused by the global COVID pandemic. In this context, BRAC’s practical work in our 11 programme countries has focused increasingly on helping poorer households to rebuild their income and assets, and on supporting the recovery of the essential social services on which they rely.
– Ken Caldwell, Chair of Trustees, BRAC UK
Extreme poverty
We equip people living in extreme poverty—those living on less than $1.90 a day—with the tools, skills, and support to escape the poverty trap. Through our pioneering, proven Ultra-Poor Graduation approach, participants unlock their potential and lift themselves out of poverty.
Extreme poverty
Climate change
We provide people with access to the tools and knowledge to adapt and respond to adverse climatic impacts and adopt sustainable practices. Our integrated approach to addressing climate change impacts is using locally led adaptation and mitigation measures through BRAC’s social development programme initiatives. Our work protects resources, improves quality of life, and builds awareness about the environment in rural and urban communities. We provide people with access to the tools and knowledge to adapt and respond to adverse climatic impacts and adopt sustainable practices.
Climate change
Education
Everyone deserves the opportunity to learn. That’s why we serve more than a million children in the most vulnerable communities with quality education. To spark potential and power children to succeed, our cradle-to-career approach involves early childhood education programmes, low-cost and high-quality primary schools, scholarships for secondary and tertiary education, and vocational and skills training.
Education
Youth empowerment
Empowered youth can harvest endless possibilities. By providing safe spaces, teaching life skills, inspiring self-belief, and creating economic opportunities, we empower young people to break the cycle of poverty and unlock their full potential.
Youth empowerment
Health
We make health systems stronger and deliver care in the most vulnerable communities. With a particular focus on keeping mothers, babies, and young children healthy, our community health workers deliver care directly to families at home to prevent malnutrition, treat diseases, and save lives.
Health
Agriculture
We invest in the ability of small-scale farmers to grow more food, earn more income, and build secure businesses, with a focus on women and youth. We address the root causes and barriers to help communities solve their own problems and reduce the risk of climate change and economic shocks.
Agriculture
Financial inclusion
We ensure that the most vulnerable people can access financial services that help them manage crises, grow their assets, and invest in businesses to escape poverty. Our microfinance and mobile banking services are tailored to reach vulnerable women, farmers, youth, migrant workers, and small business owners to expand opportunities and increase self-reliance.
Financial inclusion
Humanitarian response
Effective solutions that help communities withstand and recover from natural disasters, conflict, and health threats are more important than ever. We partner with people in crisis to help them survive and build back better in the long term. We are responding to COVID-19 on the front lines in 11 countries, and meeting the urgent needs of those affected by the Rohingya refugee crisis in Cox’s Bazar, Bangladesh.
Humanitarian response
Social enterprises
Our social enterprises create opportunities to help communities lift themselves out of poverty while generating revenue that strengthens BRAC’s capacity to benefit people and the planet. They support small business owners, generate livelihood opportunities, and fill market gaps that create barriers for people living in poverty.
Social enterprises
Financial breakdown (2023)
Total Income: £2,337,867
Grants from institutions charitable trusts and foundations | 1599876 | 68.4% |
BRAC Bangladesh and other income | 615336 | 26.3% |
Individual donations | 67255 | 2.9% |
Corporate donations | 55400 | 2.4% |
Total Expenditure: £3,460,184
Bangladesh | 2756771 | 79.7% |
Tanzania | 458215 | 13.2% |
Cost of raising funds | 144493 | 4.2% |
The Philippines | 85604 | 2.5% |
Uganda | 15101 | 0.4% |