BULGARIAN EVANGELICAL CHURCH'SPRING OF LIFE" Also known as BEC"Sprlng ot iffe" CHARITY NO.: 1154742 REPORT ANO UHAUDED Accourns for year ended 31 Ortobef 2025
Bul arian Evan ellcal Church 'S of Llfe" stsius: Charfty re815traiion No. 1154742 Worklng name: 8EC'5prln%of Ufe. Tntyttt$: Mr Evelin Todorov Mrs Ilryana 6abrovska Mr. Aleks•ndai Gabrovski Address: 4 St. AugustlneRd Gray5 RM16 4NU Independent ENmlner: Shnrtl 5onl FCCA FaE ShpJt5 Soml Ltd 11?A 5tJohns Hlll SewroaksTN13 3PL
Bul arlan Evan ellcal Church "S rln of Llfe" Trustees. Report forthe perlad ènded obei 20 The trusiess present thelr annual reporttor the year endln8 31 October 2015. The tharhy stsrttd opef4tin8 Sn Mav 2013 and was re8lstered wlth charlty commlsslon on 26 N)vembw 2014.The charfty Is iovemed bylts ConstituOn. To advance th¢ chr15tlaTh falth lof the publ1¢ benefit In such a 45 the trustees deem flt. Ob In order to aChe the prlnclpal ob5ertfvewhlch Is set out abo¥e. Ihe Church provlLles ?rIety01 artlv6Ues both tu fts membership and to the tommunity Benerally.The almls to showthe love of jesus Chrlst In both word and deed and 10 bdn8 people Into a ct05er relaOnshIP wlth HIM asllvln6 Lord. Central to the work and wltne5s of the Cthurch15 the provlslon of regular publlc S8Ces01chr1stIan worshlp.These serylces lake place each Sunday at 1.30 pm. There are also ¢xcaslonal sQceS at other Umes whlch are adverysed on the Church webslte at www.bul8ar13nchurch.london.There Is a chlldren'5 pro8rarnm durln8the mornln6 servl¢es. The church seeksto bÈ a Irfend and welcornln8¢omrnunJty ind anybc4Jyls fvee to attend any af these seNtce5. The Church runs a serles of houso 8r•ups forthe growth of falth and dlsclpteshlp In the homes of 50mÈ members. and further d•tsiis ol these <an be obtalned from the Trustees on request, or at the Sunday s•thces of worshlp. From tlme to tlme the Church runs Courses In paYeniin& and course for people Inlerested In dls¢overln8 more about Chrlstlanlty, entliled'Alpha Course,. The Church operates sysi•msto ensure that all people worklni wlth chlldr¢n ar*d vulnerable adults art approprl•t¢lyvetted wlth re8èrdto ihe Crlmlnal Record$ 8ure•u. The Chur¢h Is Boverned by an Approved G¢)vernlnz Docurnentwhl¢h staiesihat the prlnclpal purpose of the chyrth Is the adVanMentOf the Chr15tlan falth accordln8 to ihe prlnclples revealed In the elble. Member$ of th• Church arè atteptod In accordance with thè Constltutlon vthSch iequirosthem to be orto have been publl¢ly bzptlsed on the prolesslon of falth In Jesjs Chrlrt, orfollnI othèrrmdes ol baptlsm to renew theli PU1¢ prolesslon of falth In Je5U5 Chrl%t. The members etn& norrnally t•kes place hvlce a ye4r•nd has responslbllltytor theoverall pollcy of the thurth. In attordance wlth the Constltutlon. there are threeTrUÈ¢s, who together are responbIttOr the dayto day runnlni ol the ¢hui£h's work and wrtness, •nd tht flnanoal and legal aspe¢ts of the charity. All members art encouraged to take an approprlate part In the splrltual and pradital tssks Invaed In the lurtherinct of the chariiable oblectlve. Reltwdnt matter5 may be subrnltted io the Church meetlng by the Trustees forgvldaThce, or may be ri5sed by mernbers In Church meetlngfor rther conslderatlon by the Trustèe esre rel• ns•ctlo Mr Evelln Todorov Itrusteel recelved rernuntrntlon of £19,11712024..£20,IOlldurln8ihe year. VTo4orov. wlfe of Mr E T¢)dorov recelved £12,6LXI12024-£10SCKII as remuneratlon durln8 the year.
Bul arian Evan ellcal Church "S rln forts renod ended 31 October 2025 The trustees con5tyJer that ieseThv suffitient to 34rnonths of1th8(0Sts of the tharity sholtld be mintained. Thts arnount raftgesbet4n £4.2(athd £8,4W. Reservesheld in unrestrkted ftmds atthe yearer stc& at £26,2CQwhkh Is ty4erthefèry reqred. Anancll ew Totsl income intludin8 donitin5 and coHe(tiths was £44.50812024:£49.6181 during the period. After enditure on cl¥Jrth actmtjesof £4334712024:£45.3201 had 3 nei Inccmme of £1,16112024.. £4,298) atthe perlod eThJ. Public Befièfft The tStee$ <onfirmthatthey have referredto thegutdancecontrkned th the Charlty Commiss1.5 general 8ukJance publk benefrt and the suppkmentary publk benefftguidance for tharlde$w)se alrns Indude arfvartlnE ¥ell8knn when revSEwkn8 the thsalM$and obJecthes In plannIlIrtVre actibeS. The trustees are 5atlsfied thattsrdarity¥Alcryrtinue to be a80ts (oncerntty the foreseeable future. siatementof Trustees, R ns5bllitses The ¢harilytrUStees, are responslble for prepwlrytsTnJsttt<Nmnl Rewt and the fJnarKiaJ ststernents in acctsrdae wilh appIlb]e law and Llnited KbwdompL(m1ons5¢¥thrds (United Klngdom GeneralAepted Accountlng Praaicel. The Fawappli(ab to charitie5 in England aftdwales requiresthe Irurtees to prepareffinancial staternentsfor each finaThdal yearwhlth #e a tn and fr41rvlew of the state ol affalrs of the tharity and of the In£omin8 resources and appllcaufm ofresourcesoftht th¥fty kn that p¥tod. In wtparhwthesefknanaal ststements. the trusiees are required to.. al select sUrtab a¢¢IrtIn# poldesand apptythem consL%tenty. bl observethe methods and prinaples in the Charit*s SORP; I make ludRments and account1 esrimatesth#are reasonakleand prudent: d) stste whetherapplleable aCcoLMra Standards been follty•Rd,subJ'ertto any math31 departures dtsdosed and explalfted In thefinanaal ststernents; e} Prepa the financial statements ort the 8IMn8concern eSS itis inapptoprfate to presumethatt tharIty11 wntlnue In Opera.
Bul arian Evan ellcal Church "S rln of Llfe" Trustee5' Report for the perfod ended 31 ober 2025 Ihe Iru5tee5 are responslbtefor keEplft8 adequate #cuiuntlng rOld$ that dtsdose with reasonab 3tturacyat anv t+mÈ the financlal Positlon ofthe ch3rity•nd enable them to ensure that thefinèn¢lal #aternents comply wtth the ChaTrties Act 2011, the Charity IAccounts and Report51 Regulathjns IC8 ond the pro5105 of the wst dEed. They are also respon4ble lorsafe8uardlTrB the a$5etsof ihe charityand herte fortsklnl reaSonae rteps forthe preVentk and detettlon of fravd and other Irre8ularfUes. The trustees ale responslble forthe malntenance and Integrityof the charlty and flnanclal InfOrmaOn Included on the charity's webslte. Le8lslatlon In the Unlted Klngdom 8overnlng the preparatlon and dlssemlnatlon of Ilnanclal statements may dlfferfrom le8lslatlon In ¢xher Iurfsdlds. This rewrtWa5 approved ty the Boardon gD.og,10 nd signed on its behalf. On behalf olthe tru51ees Narne.. I f,JofY)
Independent Examlner'5 ReporttotheTrusteesof Bulgarlan Evangelical Church'Sprin801 Llfe. for th• year ended 31 October 2025 I report oThthe financlal statements olthe palo¥the¥ear ended 31 oCtorI025 as set our on pa8es 6 to 11. Responslbllllles and ba$55 of report As the ¢h3rWs tnJstÈes you are re5pJnsible for the prepèratlon of the zcmunts In acttydance wfth the iequlrements ofthe Charttles Act 20111.the Arfl. I report In respect of my examlnatlon of the tharfvs accountscarrfed out under sectlon 145 of the Act and In carryin8 Out myexarnlnation I have followed all the opplicabfe Dlrertions given by the Charity Commlsslon under sectlon 14515llbl Of theAcL Independent examSrber'sAatem¢nt I ha¥e completed mye¥amlnatlon. I Confi that no rnttters ye cameto my attenlrttn in ¢onnectlon withtho examination 8iwn8 me causeto believ¢ that In anymateiial respert.. accountln8 Tecords were not kept lft respect of Ihe ¢harlty as required bysettloTr 130of the Aci. er 2. the accounts do not atcord vAth those records- or 3. the accounts do not cornply wlth the 3pplIcae requlrements concern5n6the form and Conteni of a£tounts Set out In the Chartues IALcounts and Réportsl Re8ulatlons 2CC8otherthan any reqylremÈnt that the acCounts£ta.trut and 1alrVV4hIth Is not a mattercol5dtredas part of an Independent examlnatlo I have no ¢onterns and have ¢ome acr055 no otherrnatters In conneaion wlththe examlfiatlon to whlth ittentlon should be drawn In thls report In orderto enablea properunderstandln8 of the a¢countsto be reached. Shrutl Sonl FCCA FCIE Shruts St1 Ltd 117ASt Johns Hlll Sevenoaks TN13 3PL Datè 2110812026
Bul arlan Evan ellcal Church "S of Llfe. lorthe year¢nded Tot•F Tottl fvndi 2024 Il¢¢• lunds Oonattons and colectl¢>ns 49.618 Tot•l Iorn• 49,61A Éxp•ndltur• an crIble1ME1eS Go%m•ncecosts 41n9 618 42.729 618 720 45.320 L161 1,161 4.299 Net mtyJeffn¢ 1.161 4298 A•ncH1•0h0I fundi Total &Jryds bray8hi ford 25,039 20.741 To¢•1 fvndj Eanltd 1oMrd
Bul rlan Evan ellcal Church 'S rfn of Ufe" 20 2024 Axed assets Tangible a55ets Toul Ilxed is%•ts rrent assets Debtor5 Cash ai bank and In hand Totsl tuffent4Qts 14.149 12.483 26M2 19A59 5380 25239 dltOf5: fv1kn81kn ¥Jlthin one N•t entetsAlWthII 24,639 Totsl as%tsltss awr•nt Uabllkl¢s 262Li) 25.lJ39 N•iassets iQa 26 25.039 The lundsolthttharfty. Unre5tr1cted fund5.' General lund Totsl umrestriaedfund5 262th) 25mg Totsl dTr*rftyfvnds 26Jlb) 25.039 These finandal siatementswere apwiwedtythÈTno¢ee5 M20 August 2026 •nd on behall by. g Tojorov Name: Trustee
Bul arian Evan elical Church "S rln of Llf forthe pttlud endEd l Arcounllnjs Pule$ The pdnc5pal ac£ountln8 kIesrejmlrtsed below. Thecc11 Oldeshave been appjled n>tentlY throughout theyear and lThthe kYe(edinByear. Iso Thefinanaal statements have been prepared ac£ortheTIh kcourtlng and Reporriby Cbaritles: Statement ofPKommended PtsCti¢eopjtsty¢ to thartties attounts In auofdance vtfv the Flnanckil Reportlfig Standard apF4loe In the UKand Repullk ollreland IFRS 1021 leffertt¥ lJanuary20191- ICha¥ftie5 SOHP FAS 1021. FInIT(4 Ren6&StOJatapkIts1e1fi theVKar)d Republlc of IrelandlFRS 1021. CharitiesAci 2011 and UXGAAP The (harrtablernpaDymeetsIdelltsan ofa pulfft bemffttity urthr FRS 102. The trfee$ conslderthat thereareno maiukl uncert3knUtsabtyAtho ¢hawftablec¢nparrfsat411tyto contlnue ès a golnE concern. The trustets do not c(derthtthtre are anvwjrcesofestimad( UInty #the reportln8date that have a 51¥nTftant risk of causth8a material3JuStfflent to the ArThrts0f assets 4Thd kab11$thlfft the next reportlng pth. ThefinJndal stsiements have been prewed rthel•S[0l CostconIL outr) Unrestrirted fvrthfewlthelfvjS0fthedrfty thatare Thxsubjertio [eSl?STeBardinlttr use aodarewdllable for rhe 8eneral PU01 thed4rity. Furtsdesnared fori rtiCUlarpurW5C by ihetruAee5 are unrestrftted. Restricted IwMlswet175efvrththt nmtstbespent 011 purpos The finarlal 4aternents tr•rsKtlons. assetsand Na1111$1[ wlM¢h 1chairty b re5ponslble In law Th• do notirtclude the finakn1 ststtsnemts ofthurch youps ihatowe thelr maln affiliatlon th another nthOSet are thfomial gatherOI(hCth mnbtrs. Donated 5erykes and fadlftles are IrKfuded atthe valLiO ihedurtty where thlstan be qts•rKIfio The valueofserykes w0ed ty¥obJntetrshas Mt bttn Indthltd inthest accovN Voluntary lrtome ndcaiwtal 5owces . WannedW•g undu GrftAld Is retoenlsedonty4%n le{ed. • Tax reeortrable on fjfftd (h)nat5ons Ss reeopmsed whtn thÈthffttion is reIlsed. Grants and tegaaes to the Pccare KCQLmted forassoon asthe tharityis notFfied of IES legal enEemeN1 theamountdue is qwtlfiable and fjis thknaie recept by the£haiity Is rwnable cetsin. . lfroM fu1raand slmNarents tsac£wnd lor voss. Expendrturt isaccoLtnted onan Kcrual basts asa lbIlIty$S [rJITe& ExknththTe fr1t$anYVATWl4th annot be htlly recover& •nd Jsrwrttdas part of thecwthuretowtrdth rekte
Bul n Evan ellol Chur¢h"S rln of Llfe" Nores io the ac¢ounts fortht perh]d ended Tan8ible fixed assets areA3ted at cost bes5ac0jmlIed drfwedatlon.The cwtof mlnoraddltlons orthose costin8below £150are Mt cakltallsed. Depredatlonls prothd at fttesralculated to wrlie olf The costot each asset 04r $eXpected wful We.The¥•tes used are a5follows'. piaTht ind qUIprrt I VohJntaryhKome Tot•1 fvndi 2025 Tot•1 lundf 2024 fund5 Sundrydon•do Gift Ak4 365 36.645 43,546 6,072 To11 A4 IrKom¢ In 2025 and 2024w•s J Charft•bl• •¢ll¥bll•s Sal•rfesand wa8eS Tra¥tl Church events Rent •nd slmlL4ttosts IT Ind equ5pment Sundry Expens Dtsnatign Depreclatlon Mu51¢ Worshop Totsl 30.188 937 3.297 303JO 843 5,967 6hlO 146 376 2fy) 937 3.297 7,530 363 314 If 248 Indtperbdent examlrtrfs le¢-¢wrerfy¢•r Tot 618 618 618 618 720 720 S Staff $ts Ind numbws 2024 S•larfes and wale5 Spclal 5ecudty<0515 costs 19.862 326 301 30 30 188 10 Total None ofthe•mpknfft rettw emcA¥meThts ol than É60.(thIU024.. Nonel
Bul arlan Evan elical Church "S rln of Life" Notes to the a¢courts lorthe perlod ended Orto r20 6 Tru5te¢ remun¢rntlannd upeNe5 Mr Evelln Todorov Itrusteesl recelved remuneratbn 01£19.11712024: £20,101) durfn8 th•year. V Todomv, Ire ol Mr E Todorov recelved £12,60012014..EIO.5WI a5 remunerolSon duAn8 the yeif. Expenses ameuntln8 tp nll12024.' nlll were rdmbur5ed to rru5tees dull ¢ht pedod for reni. travel. and other church expense5. 140 trusteeor oth•r penon related to the(rity h•d •nyp•rson•l Interest In any contrict ortr1reOn ent•fed Inio by the chai5ty durlnuth•y•ir. 7 T•n8Sble fix•d •M•ts Computer Yot•l At l Nov¢mber 2024 Addltlons Disp05als At 31 October 2025 5Q) SCJJ A¢cwnulateddeprtdatlon At l Novernber 2024 Char8e fortheya•r DISpolS At 31 Ociober 2025 Ic Ic IL Nét boo wlue At 31 October2025 3TrJ 3C At l November2014 4LYJ 6 D¢btars 25 2024 Otherdebtors Prepayment5 Acuued Ineome Totil 402 2.241 17,215 9 Credlt•rL' Ifflou#ts hltini du•wlthln on•y••r Z025 2024 Actrvèls Penslon Pay•blt HMRC Payable Total 52 732 10
Bul arlan Evan elical Church 'S rfn of Life" NOt0 theXC forthÈ wlodeThJ¢d 31(xtober202S Total nd Currert a55ets CvffentllaL414¥es 26,632 (7321 26,632 17321 Net assets 31 Ocrobtr2025 26.2C(I 26,2j lob Anawslsolneiassets betweenfwmb Cwrentllat4Wes Net4ssets31 O£to 2023 20.741 20,741 Its Moy¢ments In fwM15 At l At31 October General fund 1433471 ?6.21 Total unrestr1cd lund5 Total fvnds 43J47 43 26.ICKI 26.2Crf> At Ji oaobtr General lund 20.741 49.618 145320) 20.741 20.741 45320 45.320 fur41s 49.618 25.039 11