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 be￿een £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