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2022-07-31-accounts

Trustees’ Annual Report for the period

From 1-Aug-2021 Period start date To 31-Jul-2022 Period end date

Charity name: BULGARIAN EDUCATIONAL AND CULTURAL ASSOCIATION MOIATA AZBUKA

Charity registration number: 1181694

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 For the public benefit, to advance the
education of the public, in particular (but
not exclusively) children up to the age of 18
of Bulgarian origin and their families, in the
subject of Bulgarian language, geography,
history, culture and heritage, primarily (but
not exclusively) through the provision of
supplementary education services.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 For children:
•
Provision of Bulgarian language
classes
•
Provision of Bulgarian History &
Geography classes
•
Provision of traditional folk dance
and singing
•
For children & adults, and for
general public/local community
(non-members)
•
Preparation and Celebration of
“Survakari” festival
•
Preparation and Celebration of
famous heritage festival “Kukerite”
•
Preparation and Celebration of
Bulgarian Traditional day called
“Baba Marta” & “Martenitza
•
Preparation and Celebration of the
Day of Cyrillic Alphabet
•
Celebration of important to Bulgaria
historically related days
•
Additional celebrations, such as
Christmas, Orthodox Easter, St
George’s Day, Mothers’ Day,
Fathers’ Day
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity		 Para 1.18 Trustees had due regard to Charity
Commission public benefit guidance when
they are planning each of these activities.

Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 N/A
Policy on social investment
including program related
investment		 Para 1.38 N/A
Contribution made by
volunteers		 Para 1.38 As ever, the understanding, support and
contribution by volunteers, parents and
carers make our impact greater and wider.
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Our organisation continues to expand in
the 4 London boroughs where many
children between age of 5 and 14, their
families and carers have been impacted by
the activities, celebrations and festivals
provided and organised by the association.
The return to relative normality, in 2022,
following the two year period of lockdown
has been marked by the resumption in two
of the four schools of face-to-face lessons,
while, at the wish of the parents, the
continuation of lessons by remote online
link has been preferred in the other two
schools.

Additional information (optional)

You may choose to include further statements You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41 N/A
Performance of fundraising
activities against objectives
set		 Para 1.41 N/A
Investment performance
against objectives		 Para 1.41 N/A
Other N/A

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity continues to benefit the
purposes for which it was set up, and
enjoys a healthy financial position with the
pro-active collaboration of the parents.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 We hold some reserves with hopes that
now that the lockdown has ended, we shall
have funds to put deposits on new lease
agreements
Amount of reserves held Para 1.22 £4,213
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional)

Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 • Registration fees
• Grant from Bulgarian Ministry of
Education
• donations
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the principal
risks facing the charity		 Para 1.46 N/A
Other N/A

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Nominated and elected by the members

Additional information (optional)

You may choose to include further statements where relevant about:

N/A Policies and procedures adopted for the induction Para 1.51 and training of trustees N/A The charity’s organisational structure and any wider Para 1.51 network with which the charity works N/A Relationship with any Para 1.51 related parties N/A Other

Reference and Administrative details

Charity name Bulgarian Educational and Cultural Association Moiata
Azbuka
Other name the charity uses Bulgarian School Moiata Azbuka
Registered charity number 1181694
Charity’s principal address 4 Booth House
High Street
Bretford
Middlesex
TW8 8LL

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
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10
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19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Iliana Lazarova
DessyTsolova
Daniela Petkova

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Daniela Petkova Position (eg Secretary, Trustee & CEO Chair, etc) Date 31 May 2023

Charity Name No (if any)
1181694
BULGARIAN EDUCATIONAL AND CULTURAL
ASSOCIATION MOIATA AZBUKA
Receipts andpayments accounts CC16a
01-Aug-21
Period start date
For the period
from		 31-Jul-22
Period end date
To

Section A Receipts and payments Unrestricted Restricted Endowment funds funds funds to the nearest £ to the nearest £ to the nearest £ A1 Receipts

Total funds Last year

A1 Receipts to the nearest £
-
19,300
-
-
-
-
-
-

19,300
-
-
-
19,300
17,146
2,879
430
775
1,161
-
-
-
22,391
600
-
600
22,991
- 3,691
7,304
3,613		 to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 to the nearest £
-
19,300
-
-
-
-
-
-
19,300
-
-
-
19,300
17,146
2,879
430
-
775
1,161
-
-
-
22,391
600
-
600
22,991

- 3,691
7,304
3,613		 to the nearest £
- -
School Fees 19,300 27,932
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)
19,300		 27,932
A2 Asset and investment sales,
(see table).
-
-
 -
Sub total - -
Total receipts
A3 Payments
27,932
Schoolexpenses 17,146 19,876
PremisesExpenses 2,879 1,682
Travel Expenses 430 -
Supplies &Equipment 974
Professionalservices 775 -
Otherexpenses 1,161 985
- -
- -
- -
**Sub total ** 22,391 23,517
A4 Asset and investment
purchases, (see table)

Laptop Asus		 600
-
**Sub total ** 600 -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
23,517
- 3,691 - -
- 3,691		 4,415
- - -
7,304 - - 7,304 2,889
3,613 - - 3,613 7,304

CCXX R1 accounts (SS)

30/05/2023

1

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
Metro Bank
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
3,613
-
-
-
-
-
3,613
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Daniela Petkova		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Daniela Petkova 31/05/2023

CCXX R2 accounts (SS)

30/05/2023

2