Krasif Ald (Charitable Incorporated Organlsation) Flnanclal Statements For the Year Ended 31 March 2025 Contents Pages 2- 5 Trustees Report Independent Examlners Report Receipts and Payments Account Statement of Asset8 and Llabllltles, Note to the Accounts and Approval Page11
Krasif Aid {Charltable Incorporated Organisation) Trustees Report For the Year Ended 31 March 2026 The trustees of the charity submit their annual report and financial statements for the year ended 31 March 2025. ADMINISTRATIVE INFORMATION Chari 1123948 Re istered Office 1 B Church Street, Cullompton, Devon EX15 1JU Bank CAF Bank Ltd 25 King5 Hill Avenue Kings Hill West Malling Kent ME19 4JQ endent Examin Phil Young Aldridge Trustees Krasif Aid is run by a board of trustees who met 4 times during the year. The trustees serving during the year were (dates of appointment shown, and dates of resignation if that happened during the year- if not noted the trustee served throughout the year):_ Names of Trustees: James Chalmers Brian Clarke Christine Clarke Jonathan Loescher Gillian Winser Gavin Owen Rachel McKane Page12
Krasif Ald (Charltable Incorporated Organisatlon) Trustees Report (continued) For the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND INFORMATION Trustees are appointed by the existing board of trustees. TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the trustee's report and the financial statements in accordance with applicable law and regulations. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity. 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. PRINCIPAL ACTIVITIES The charity was incorporated on 2nd May 2008 as a company limited by guarantee. It converted into a Charitable Incorporated Organisation on 18th January 2024. The Objects are to advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule to the Constitution in Eastern Europe and in such other parts of the world as the Charity Trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the CIO., to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in Eastern Europe and in such other parts of the world as the Charity Trustees from time to time may think fit., to advance education in accordance with Christian principles by such means as the Charity Trustees may consider appropriate including by means of establishing and operating any educational establishment or establishments in Eastern Europe and in such other part3 of the world as the Charity Trustees may from time to time think fit. In setting our objectives and planning our activities the Trustees have given consideration to the Charity Commission's guidance on public benefit. Our Mission statement is.. Reaching out with Christian love,. seNing the people of Eastern Europe. Page13
Krasif Aid (Charitable Incorporated Organlsatlon) Trustees Report (continued) For the Year Ended 31 March 2025 ACHIEVEMENTS PERFORMANCE AND AGTIVITIES We continued over the year to support our long term p8rtners in Bulgaria. That included Sliven Baptist Church and the Blue House Care Centre in Sliven, and the First Baptist Church in V8rna. There were also continued ministry links with the Sofia Central Baptist Church. and the Centre For You Church in Razgrad. Our ministry leaders, Brian & Chris Clarke, were the main speakers at the family camp organised by the Baptist Union of Bulgaria in July. This comprised 40 families for 4 days. With spirit filled worship and significant responses to the teaching sessions, the whole event Was very encouraging and fruitful. Follow-up events have been requested. In September, a team of 7, mainly men, from St, Andrews Church in Cullompton, made a 9 day mission visit to Sliven to paintthe outside ofthe Blue House Care Centre. After 12 years since last being painted, this was quite 8 task, which was onlycompleted thanks to a mammoth effort by all involved. A major clear out of obsolete items accumulated in the centre over the past 20 years took pl8Ge as well. The te8m 81so visited the Men's home at Tvarditsa, where 220 men with various mental health conditions live permanently. W8 have been able to help in diff erent ways over the past 25 years, butthls tlmethe focus we h8d agreed with the director was to provide brand new socks and pants for everyone. 690 pairs of 80cks and 469 pairs of pants were delivered. Quality of life for the men at Tvardltsa Is very basic, but this appeal was all about personal dignity. The future use of the Blue House remains in question. Meanwhile, the Soci81 Integration Group for people with disabilities continues to meet daily. A Christian bookshopwith social enterprise sales, creative workshops, English lessons, and the provision of after school / holiday programmes. are atl possible with the aim of providing sustainable income streams. Our general income as a charity continued to remain generally stable duringthe year, enabling us to contlnue our regular support of partners and projects. £3000 from our annualwinter appeal was divided equally between beddingforthe Men's Home atTvarditsa, and food parce18 through Sliven Baptist Church for those in need. In Devon UK. work on community integration with the large Bulgarian Roma population who live and work in Cullompton continued, as did carefor local Ukrainian refugees who came to the area underthe government"Home for Ukraine" programme. Promotion of the work of the charity continued through regular issues of our Kr8sif Newsletters, emails, website. and social media. Page14
Krasif Ald (Charitable Incorporated Organisatlon) Trustees Report (continued) For the Year Ended 31 March 2025 RISK ANALYSIS The trustees have carried out a general review and consider that there are no major risks to its continuing for the foreseeable future. Donations are a substantial part of the charity's income. These are primarily from a wide range of small donors making regular donations and this is expected to continue. FINANCIAL REVIEW Total receipts on unrestricted funds were £25,667and are detailed in the financial statements. Receipts on restricted funds were £8,615. £38,496 was spent in pursuing Krasif Aid's objects. The net result for the year was an excess of receipts over payments of £(4,303). The balances carried forward at the end of the year were £9,253 for unrestricted funds and £0 for restricted funds. RESERVES POLICY Unr funds The Board is committed to ensuring that there are sufficient reserves in unrestricted funds to ensure that the net settlement of all debtors and creditors, plus any costs in meeting it5 legal obligations. The Board believe that it is prudent to hold a cash reserve providing working capital to cover seasonal fluctuations in its expenditure, grants and income. The trustees have decided that the maximum level of unrestricted reserves that should be held should be sufficient funds to cover meet the minimum level in paragraph one of this section plus six months average expenditure plus any commitments that are awaiting for payment to be made. The Trustees are mindful the activities of The Charity are gradually being wound down. Based on this and previous levels of activity the Trustees had resolved to try and maintain unrestricted funds at beeen £5,000 and £20,000. The general unrestricted reserves at 31 March 2025 were £ 9,253. Res ricted and Desi nated Funds The funds held in designated accounts will be reviewed every year to ensure that they are still appropriate and in line with the charity's strategy and policy and any surplus funds will be redirected by the Trustees. In particular, all designated gifts and donations are accepted only on the basis that if the intended project or ministry has already been fully funded, discontinued or cannot be completed for whatever reason, the Trustees will use those funds where they feel it is most appropriate. This is stated clearly in our literature. This report was approved by the board on 3 0 and signed on their behalf. Signed Brian Clarke Page15
Krasif Ald {Charitable Incorporated Organlsatlon) Charlty Number 1123948 Independent Examlners R8POrt For the Year Ended 31 March 2025 Responsibilities and ba818 of report I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2025. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charilies Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)(b) of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with seclion 130 of the Charities Act,. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and conlent of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi9 report in order to enable a proper understanding of the accounts to be reached. 24,,1 Signed Date Phillip Young ACA 26 Pavilions Aldridge West Midlands Page16
KRastEAID. For the Period from 01-Apr-24 31.Mar-25 Unrestricted Restricted Total Fun¢Js Last Year Receipts Bank Interest received 47 7463 730 17283 35 47 7.463 730 17,283 35 39 6,525 3,320 16.330 83 177 Donations Churches Donations i ndividuals Donations Stewardship Craft sales Payroll giving 118 118 Sliven Baptist Income Varna Area Income 5,758 2,758 5.758 2.758 6,394 1,158 Total Receipts 25,677 8,516 34,193 £ 34,026 Payments Bank Service Charges Donatlons Churche5 Donatlon Projects Mlscellaneous Expense Offlce Expense Postage and Dellvery Professlonal fees Travel- Ministry- Bulgarla 485 25,013 500 202 107 90 960 2,623 485 25,013 500 202 107 90 960 2,623 585 26.665 432 254 88 114 1,290 988 Sliven Baptist expenses Varna Area expenses 5,758 2,758 5,758 2,758 6,394 1,158 Total Payments 29.979 8,516 38,495 £ 37,968 Net Receipts I (Payments) Tranfers between funds Cash funds last year end Cash funds this year end 4,303 4,303 3,941 13,556 9,253 13,556 9,253 17,497 13,556 Page 7
Forthe Period from 01-Apr-24 to 31-Mar-25 Unrestrlcted Funds Restricted Funds Total Funds Cash Funds Details CAF Bank Current account 9,253 9,253 Total 9,253 9,253 Other assets Details Stock 1,188 1,188 Llabllties Details Accruals 150 150 Fund at beglnning of period Income Received Fund at End of Period Expendlture Fund Sllven Baptist Church Varna Area 5,758 2,758 5,758 2,758 Total 8,516 8.516 Signed by trustees on behalf of all trustees Date of approval Name Signature i¢ILL[V knjr nJsC lolLL£ftt L 2 2 iufiJ/J(fj Lot.frrf£L Page 8