2025-04-30-accounts - Bulgarian Support Fund

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BULGARIAN SUPPORT FUND

Trustees’ Report for the year ended 30[th] April 2025

Structure, Governance and Management

The Bulgarian Support Fund was established on the 14[th] day of April 1996 by Declaration of Trust, and is registered with the Charity Commissioners. The continuing Trustees have the power of appointment of Trustees when vacancies arise, and under the terms of the Trust Deed there is to be a minimum of three Trustees at any one time. The Trustees currently serving are as listed in the Trust’s Financial Statements. All the Trustees are fully conversant with the aims and modus operandi of the Trust, and consequently no induction has been undertaken. The Trustees meet annually to review the activities of the Trust and its accounts, and to approve grants, as well as determining the policy of the Trust, and confer regularly during the year. There were no policy changes during the year under review. The Trustees undertake the management of the Trust. During the year, the Chairman Allan Simmons resigned due to ill-health, and Benjamin Griffiths was elected Chairman.

Objects

The objects of the Trust are to hold the Trust fund and its income upon trust to apply them for the relief of poverty and protection of health among the children of Bulgaria, but without limiting the generality of the foregoing by providing support to orphanages, and to advance the Christian religion by establishing and maintaining a church. The Trustees have given due regard to the guidance on Public Benefit provided by the Charity Commission, and are satisfied that the aims of the Charity are for the Public Benefit and that such benefit has been achieved through the grants made during the year.

Activities

Grants have been made during the year towards the cost of repairs to the church building, electricity, technical equipment, a piano, and transport. Grants have been made for supplying food for the soup kitchen/restaurant area on the ground floor of the building which has been fully fitted out with appropriate food storage, cooking and preparation equipment, and is in regular use with properly trained staff providing food for the poor and the elderly. The building is also being used for regular church services, children and young people’s work, and cultural events, lectures, classes and health clinics.

Grants have also been made towards refugee relief, towards seminars and help for foster care families, for teenage camps, for training of ministers, and for mission work to students.

Risk Assessment

The Trustees periodically review the risks to which the Trust is subject and have taken all necessary steps to mitigate the risks identified.

Financial Review

Donations and other funds received amounted to £32,343 during the year (2023-2- £31,970). Grants made during the year amounted to £30,000 (2023-24 - £40,000), leaving undistributed funds on the general account of £92,151 at the end of the year.

Restricted Fund

This represents donations received specifically for support of care homes and foster care for children. No such donations were received during the year.

Investment policy

The trustees’ policy is to retain funds on deposit account so as to have them available for needs as they arise.

Statement of Trustees’ responsibilities

The Trustees are required under the Charities Act 2006 to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

select suitable accounting policies and then apply them consistently;
make judgments and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements;
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, and signed on their behalf.

Signed (Trustee) Date

A.P. Bralant 8/08/2025

		Charity Name				No (if any)
		BULGARIAN SUPPORT FUND				1054734
	01/05/2024 30/04/2025 Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee~~						CC16a
Section A Receipts and payments
		Unrestricted funds		Restricted funds	Endowment funds	Total funds	Last year
		to the nearest £	to the nearest £	to the nearest £	to the nearest £	to the nearest £	to the nearest £
A1 Receipts
DONATIONS GIFT AID DONATIONS INCOME TAX RECLAIMED INTEREST *Sub total*(Gross income for AR) ~~=~~		23,073 5,390 1,523 2,358 # - - - (Gross income for AR)32,343	358 #	- - 23,073 24,179 - 5,390 4,196 - - 1,523 1,853 2,358 1,742 - - - - - - - - - - - - - - - - - 32,343 31,970 ~~====~~
A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - - - - - Total receipts 32,343 - - 32,343 31,970 ~~——————~~
A3 Payments
GRANTS MADE TO VARNA BAPTIST
CHURCH		30,000			-	30,000	40,000
		-		-	-	-
BANK CAHRGES		60		-	-	60	96
		-		-	-	-	-
		-		-	-	-	-
		-		-	-	-	-
		-		-	-	-	-
		-		-	-	-	-
		-		-	-	-	-
**Sub total **		30,060		-	-	30,060	40,096
A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - - - - - Total payments 30,060 - - 30,060 40,096 *Net of receipts/(payments)* 2,283 - - 2,283 - 8,126 A5 Transfers between funds - - - - - A6 Cash funds last year end 89,868 - 89,868 97,994 *Cash funds this year end* 92,151 - - 92,151 89,868 ~~———=———~~ ~~SSS]~~

CCXX R1 accounts (SS)

07/08/2025

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details BUSINESS CURRENT ACCOUNT BUSINESS RESERVE ACCOUNT Liquidity Manager 95 day notice Account Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds to nearest £		Endowment funds to nearest £
		1,137	-	-
		38,380		-
		52,634	-	-
		92,151		-
				OK
				Endowment funds to nearest £
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				Current value (optional)
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				Current value (optional)
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				When due (optional)






				Date of approval
		ANTHONY BRALANT		07/08/2025

CCXX R2 accounts (SS)

07/08/2025

8: CHARITY COMMISSION} — Independent examiner's \EREY FOR ENGLAND AND WALES report on the accounts

Section A

Independent Examiner’s Report

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Report to thememberstrustees/of | Bulgarian; Support Fund
On accounts for the year | 2024-2025
ended
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Charity no | 1054734
(if any)
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  - | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/04/2023 ;

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act
be 2011 (“the Act’).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
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 - e accounting records were not kept in accordance with section 130 of the Act or

 - e the accounts do not accord with the accounting records
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| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

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Signed:
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Date:
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.
Names / >)
Relevant professional we
qualification(s) or body fF oOoOMwW (if any):

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UERTS ALE OTS
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IER

October 2018

Section B

Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose.

IER

October 2018