2022-04-05-accounts

DIRECTOR’S REPORT FOR THE FINANCIAL YEAR ENDING APRIL 2022

Following another year dramatically affected by the Covid pandemic it has, once again, not been possible to travel to Bulgaria.

Contacts in Bulgaria advised that all Orphanages are closed to the public and unlikely to consider reopening until after May 2022. Therefore, the directors met to consider two main issues:

1. Can we, in good conscience, continue to collect donations from our supporters when we are not currently directly supporting any activities in Bulgaria

2. What does the future of The House Of Rachel look like going forward

CONCLUSIONS

1. It was decided that a letter (email) should be sent to each regular giver thanking them for their ongoing support and advising them what was happening in order that people could make their own decisions about how/if they wish to continue with their support. Here is the text of that email:

“If there’s one thing the pandemic has confirmed, it’s the value of our regular givers.

With our normal fundraising activities suspended, our main source of income has been your regular gift.

It’s been amazing to see how God has used the pandemic to focus our activities. Whilst we have been prevented from travelling to Bulgaria there has been plenty to do at home supporting the young man we brought to the UK.

Currently, no visitors are allowed in Bulgarian orphanages and it looks likely that this will be the case until May 2022. Therefore, we are looking to late 2022 or early 2023 before we can realistically plan our next trip.

We are in the process of writing to the directors of some of the orphanages to find out what their needs are for 2022 so that we can make suitable plans.

The fact that we are accruing a fund to enable us to continue our work once we can get back to Bulgaria is down to you and for that we are extremely grateful.

Whilst we have always valued our regular givers, the pandemic has really proved your true value. Thank you very much for your continued support.”

A good response was received and no one ceased support. In one case, the response was to make an additional donation.

1. To review the situation in May 2022 with a view to considering a trip in spring 2023.

During the period we have been able to support two young people in Bulgaria:

• i) A young man who had travelled to Germany on the promise of work was left homeless and on the streets after the job fell through. He appealed to us for funds to repatriate to Bulgaria. After a due diligence process, we were pleased to be able to help him return to his wife and child.

• ii) A second young man contacted us as he had no food to feed his wife and young son. Having been through the horrific trauma of losing a child, he found himself in this difficult situation. We were pleased to be able to help by sending money for both rent & food.

Further, ‘B’ (see last year’s report), continues to baffle the medics with his miraculous progress. The funds donated by various charities have been put to good use ensuring that his post operative care continues to both help his recovery and enrich his life. One of the care providers is putting him through some elementary training which, if he passes, will be the first certificate he has ever achieved. We are very excited for him.

We are hopeful, that when it comes to writing the next report we will have news of a return to Bulgaria for our teams.

A K Morgan

Andrew Morgan Director

House Of Rachel Financial Accounts YE 5 April 2022

Opening Balance £ 10,361.98 Total Receipts £ 8,735.29 Total Expenses -£ 7,693.82 Closing Balance £ 11,403.45

	Breakdown	Breakdown	Breakdown	Breakdown
	General	OKL Fund	Bobby	POC Fund
OpeningBalance	3,589.52 £	272.46 £	3,000.00 £	3,500.00 £
Total Receipts	4,521.29 £	15.00 £	2,499.00 £	1,700.00 £
Total Expenses	394.82 -£		5,499.00 -£	1,800.00 -£
ClosingBalance	7,715.99 £	287.46 £	- £	3,400.00 £

Confirmed as a true record of the financial transactions of The House Of Rachel for the year ending 05 April 2022

A K Morgan

Andrew Morgan