Charity registration number'.1187924
Limited CDmpany number 120390D7
Bulgarian Fellowship
{A company by guarantee and entitled lo exclude Limited
in the namel
Annual Report and Financial Statements
For the Year Ended 30 June 2024

Bulgarian Fellowship
Contents
Reference and Administratlve Deta115
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activitie8
Balance Sheet
5106
Notes to the Financial Statement
7t0 11

Bulgarian FelI0v￿hIp
Reference and Administrative Details
Charity Registration
Number
1187924
Llmlted number
12039007
Indep¢ndgnt Examlner
stephen D S Baker ACA MAAT
Wèstlands Accountants
Chartered Accountants
Mcmillan House
6 Wolfreton Drive
Anlaby
HU10 78Y
Registered offlGe
34B South Street
Bishop's Slortford
H¢rtfordshlro
CM23 3AZ
start datg
111 July 2023
End d818
301h June 2024

Bulgarian Fellowship
Statement of Directors, Responsibilitles
Aims and objectives.
Tho directorB of Bulgarian Fellowship strive to make its actlvites Ilne up with ils iwo objective8 and the charities
commis51on recommendatlons of the charity commlssion on public benefit.
Those objectives are
1. To help advancé the Christian Faith in accordBnc& with belief and farth.
2. To teach and preserve the Bulgarian culture,
Slaternent of directors, responsibS111ies.
Company law requires the directors to prepare financial statements for each financial year which glv@s a Irutr
and fair view of the stal8 of affalrs of the company and of the profil and loss of th8 company durlng the period.
In preparing those fin8nclal slalemenls the dlreclor5 are required to..
Select sullable accounting policies and then apply them cons1stenlly
Make judgements and •$tlmates that are reasonable and prudent
Prepare flnan¢lal ¥talemenls on a going concern basls unl&s$11 Is Inappropriate lo presume that the
company will continue In business,
The dlreGtor5 are re8ponsible for keeping proper accountlng records whlch dl8c1088 wlth reasonable a¢curaoy
at any Ilme the financlal posllion of the Gompany and lo enable them lo ensure that the flnancial statements
comply with the Companl8s Act 200S. They aft also responsible for safeguarding the a55ets ol the company
and hen¢e for laklng stops for the prevention and dete¢llon of fraud and other Irr$gularities. In preparlng this
report the dire¢tors have taken advantage of speclal provlsions of the Companles Act 2006 relallng to Small
ompanles.
Approved b t￿1￿1e¢tor of the Company on 16th July 2024 and slgned on Its behalf tjy..
Mr Bojidar Slmeonoj {Directorl

Bulgarian Fellowahip
Independent Examiner's Report
I report on the ac¢oun18 of the company for the year ended 30th June 2024 which are set out on pages 4 to 11
We understand that this has been don& in order for the accounts to provide a truo and falr vi￿￿ in accordance
with the Generally A¢￿pted Accounting PraGlice effective for reporting periods beginning on or after 1
January 2015.
Rèspective responsibilities of trust88s and gxaminèr
The charity's Irusl@@s are responsible for the preparation of the accounts. The ch3rity's trustees consider that
an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Acll and that an
independent examination is needed. The Charity's gross In¢ome exceeded £250,000 and l am qualified to
und8rlake the examination by being a qualified member of the Institute of Charl8r8d Accountants in England &
Wales.
It is my responslbility to..
examine the account8 under section 145 of the 2011 Act.,
lo follow the procedures laSd down In the gen8ral Dlrecllons glven by the Charity Commlssion under
section 14515llbl of the 2011 Act., and
lo slate whether partlcular matters hav8 come lo ry all6nllon.
8a618 of Independent examlner's report
My examlnalion was carried out in accordance wllh the general direGtlons glven by th8 Charlty Commission.
An èxaminallon includes a r8vlow of the a¢¢ounllng ré¢ords képl by the charity and a Gomparison of the
accounts presented wSlh those record8.11 also includes Conslderatlon of any unusual items or d15¢1osur8s in
the accounts, and seeklng explanations from you a5 trustees ¢on¢ernlng any such mallers. The procedure8
undtrrtoken do not provide all the evidence that would be requlred in an audit and Gonsequenlly no tsplnion Is
glven as lo whether the accounts present a 'lrue and falr view, and the report 1$ Ilrnited to those mallers sel out
In the slalement below.
Independont examlner'¥ statement
In connection with my examinallon. no mall&r has come to my attention..
111 which glves me a reasonable cause lo belleve that In any malerlal respect the requlremenls..
to ktrep a¢counllng records in accordance wlth section 130 of the Charitles Act 2011., and
to prepare accounts whlch accord with the accounlir¢g records and comply wllh the accounllng
requirements of the 2011 Act
have not been met., or
12> to which, In my opinlon, altontlon should be drawn in order to enable a proper understandlng of the
accounts lo be reached.
Stephen D S Baker ACA MAAT
Westlands Accountants
Chartered Accountants
Mcmillan House
6 Wolfreton Drive
Anlaby
HU10 7BY
Dats.. 16th July 2024

Bulgarian Fellowship
Statem9nt of Financial Activities for the Year Ended 30 June 2024
Note
Unrestrlcted
funds £
Re$tri¢tod
Total 2024
Total 2023
Income and Endowmonts
from:
Voluntary Incorne
Activities lor G2neratSng Funds
21al
21bl
82,986
2,106
82,986
80,537
1,664
Total income
85,092
Expendlture:
Expenditure on Church A¢livS1108
Cost of Generallng Funds
Governance Costs
31al
31bl
31cl
83,602
83,602
130,583
Totsl expenditure
84,952
84,952
131683
Net Incom8llExpendilurel before
inveslm6nl gains
140
140
149,4821
Interest recelvèd
32
32
Not IncomellExpendilurel
172
172
149,4821
Tr8t7sfers Beiween Funds
Net Movement in Funds
172
172
{49,482}
Fund Balan￿9 brought forward
66,245
66,245
115,727
Fund Balances carrled forward
30 June 2024
66,417
e6,417
68,246

Bulgarian Fellowship
Statement of Assets and Llablllties for the Year Ended 30 June 2024
Note
Unrestrictod funds £
Restrlcted funds £
Total 2024
Total 2023
Flxed assets
Tangible
Investment
6,452
6,452
8,064
6,452
Current Ass
Debtors & Prepayments
Short term Deposit
Cash at Bank and in Hand
92.475
92,475
92,475
97
97
268
Llabilities
Amounts falllng due within
year
132,6071
132,607)
134,5621
Net Currènt
A88etsllLlabllltlesl
59,985
59,965
58,181
Total Not Assets
Parlsh Fund8
Unreslrlot6d
66,417
66,417
66,245
Reslriclgd
Total Fund8

Bulgarian Fellowship
(Charity number number: 1187924)
(Limited number 12039007)
Balance Sheet as at 30th June 2024
For the year ended 30th June 2024 the company was entllled lo ex8mplion from an audlt under section 477(21 of th8
Companles Act 20(k8 relating lo small companies.
The members have not requlred the company to obtaln an 8udit in accordance with sectlon 475 of Companies knt
2008.
The directors acknowledge Ihelr responsibllity for complying with tha requirements of the Companias Acl 2006 wllh
respect lo accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provlsions applicable lo companltss subject to the 8m811
companies r8gime,
The flnanclal $lat .•enls?n pages 6
2024 and sign
on th8ir
ehalf b
1 were approved by the dlre¢lors, and aulhorls8d for i55u8 on 16th July
Boli
ime
clorl

Bulgarlan FellowshSp
Notes to the Financial Statements for the Year Ended 30 June 2024
Accounting po15cies
Golng concern
The directors have at the lime of approving the financia5 statements a reasonable expeclatlon that the company
has adequate resOur￿S lo continue in operational existence for the foreseeable future. Thus, they continue lo
adopt the going concern basis of accounting in preparing the financial statement8.
Income
Income in the Statement of Financlal Actlvllles Is recognSsed when the Company has entitlement to the funds,
any performance conditions attaching to the iteTnls) have been met, il is probable that the Income wlll be
received, and the amount can be measured reliably.
Donatlon5. grants. glfts and lettlngs income are recognised when receivable.
Income from legacies Is recognl$ed once probate has been granted, provlded that the Income wlll b8 recelved
to enable valuation of the Church's entitlement.
Expendlture
Expondlture Is Included In the Statement of Flnanclal Actlvlties on an a¢¢rual8 ba$ls and Includes irrecoverable
VAT.
Tanglble Ilxed a88ets and depr&¢latlon
Other fixed assets
All a5Sèt5 are rècognl$ad at full value in the yèar they are acqulred.
Motor vehlcles
200A on cost
Debtor8
Debtors represent rnonl&s expensed du8 back to Ihg enllly.
Credltor8
Credltors, loans and provisions are recognised whare the Company h88 8 pr8senl obllgallon r88ulting from
past event that will probably result in the transfer of funds lo a Ihlrd party and the amount due to settle the
obligation can be rneasured or o$1imated reliably,
Unrestriclod Funds
These represent the remainlng income funds of the Company that are available for spendlng on the general
purposes of the Company, includlng amunt5 designated by the Company for fixed assets for ils own use or for
spending on a future project and which Iher8fore are not included in its 'free resèrves, a8 discloyèd in thè
trustees, report.
Restrlcted Funds
These are income funds that musl be spent on Dosignated purposes as follows..

Bulgarian Fellowship
Notes to the Financial Statements for the Year Ended 30 June 2024
2. Incomlng Resources
Unrestrlcted
fund5
Restrlcted
funds
Total 2024
Totsl 2023
21al Voluntary Income
Planned GlvSng
Gift-Aided Giving
Non-Gift Aided Giving
Non-Gift Aided Digital Giving
Gift Aid r8ceived
75,335
75,335
70,613
7,651
82 986
9.924
Collections at Servlces
Collections- Regular S¢rvlces
Collection8- WeddingslFuneral$
Total Voluntary Income
82,986
21b} Actlvltles for Ral8lng Funds
Fundralsing Events
Income from Tradlng
Income from Hall Lettings
Club Conlributlon$
2,108
2,106
1,664
Total Incomlng R880urc86

Bulgarlan Fellowship
Notes to the Financial Statements for the Year Ended 30 June 2024 {Continuad)
3. Resources Expended
Unrestricted
Funds
Restricted
Funds
Total 2024
Total 2023
31a} Expenditure on Church Activities
Wagès, Salaries, Clgryy Cost8
Salarles & Wages
Other Staff Iln-Direct Costs)
Clergy & Vlcarage costs
28,858
28,858
4,860
ChurGh Mlsslon & Evangellsm
Mission - Missionary IUKJWorldwidel
Mission - Donations
Mlssion - Outreach
28,725
28,725
66,616
ChuKh Upkeep of Servlces
Church- Upkeep of Services (People)
Church- Cost of worship UK
Church- Provision of Music
7,001
7,001
23,624
Church Admlnlstratlon & Upk•èp
Church Adminislrallon Costs
Church - Maintenance & Upkeep
Church - Travel and Overseas travel
Church - Utilllies and rent
Church - Depreelation
1,069
1,069
7,589
12,747
3,590
1,812
12,747
3,590
18,174
7,504
2,016
Major Repalrs & Other Propertle8 Costs
Church - Major Repairs
Hall- Major Repairs
Other Properties
Total Expendlture on Church A¢tlvltle6
130 383

Bulgarlan Fellowship
Notes to the Financial Statements for the Year Ended 30 June 2024 (Continued)
Unrestricted
fund8
Restrlcted
funds
Total 2024
Total 2023
31b} Costs of Generatlng Funds
Fundraising Trading Church Activities
Fundraising Trading - Other {e.g. Shopl
Investment Manag9ment Costs
Bank Charg@s & Interest Payable
31dl Govgmance Costs
Independent Examiners Fees
Total Resources Exponded
131683
4. FlxBd a88ets
Motor
Vèhl¢lo8
Total 2024
Cost
Brought forward al 1 July 2023
10,080
10,080
Dopreclatlon
Brought forward at 1 Juty 2023
Charge for the yéar
2,016
1,612
2,016
1,612
Total at 30 Jung 2024
6. Current Assets
Unrostricted
funds
Restrlcted
funds
Total 2024
Total 2023
al Debtors
Churches overseas
92,475
92,475
92,475
Total at 30 June 2024
92,475
6. Llabilitios
Unrestrlcted
Funds
Restrlcted
funds
Total 2024
Total 2023
Amounts falling due withln one year
Bank loans
Accruals
31,157
1,450
31,157
1,450
33,362
1,300
Totsl at 30 June 2024
32,607
32,607
34,662

Bulgarian Fellowship
Notes to the Flnancial Statements for the Year Ended 30 June 2024
7. Fund Analysis
Fund
Typ•
Balanc•
opgnlng
Incoming
Resources
Rèsource?
Inve8trn8nt
galnslll¢>ssesl
Transfors &
other
adlustmgnts
Balance as
at 30, June
2024
expended
General Fund
Un-Ré&trieted
R8Blricl8d
66,246
88,OW2
84,962
32
88,417
68,24S
85,092
84,452
32
66,417