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2023-05-31-accounts

The Bulgarian Orthodox Community of St. John of Rila in London

Trustees' Annual Report for the period

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From Period start date T
o		 Period end date
Day
01		 Month
June		 Year
2022		 Day
31		 Month
May		 Year
2023

Section A Reference and administration details

THE BULGARIAN ORTHODOX COMMUNITY OF ST. JOHN OF Charity name RILA IN LONDON

Other names charity is known by Registered charity number (if any) 1199201

Charity's principal address

The Chapel of St John of Rila 186-188 Queen's Gate London Postcode SW7 5HL

Names of the charity trustees who manage the charity

Trustee name Office (if any)

Dates acted if not for whole year

Name of person (or body) entitled to appoint trustee (if any)

Very Rev. Chairman 1 Dobromir Dimitrov Lambrini Treasurer 2 Ferkadis

Devorina 4 Gamalova

Grigor 5 Serafimov

11

17

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TAR

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address

Independent Accounts
Verifier		 Krasimir Hristov
Ivanov MCIM
Chartered Practice
& Accountants Ltd		 601 Britannia House,
11 Glenthorne Rd, London W6 0LH

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

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document
(eg. trust deed, constitution)
How the charity is constituted
(eg. trust, association, company)
Trustee selection methods
(eg. appointed by, elected by)		 Charity Constitution
CIO - Charitable Incorporated Organization
Every appointed trustee must be appointed for a term of three years by
resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as appointed charity trustees, the
charity trustees must have regard to the skills, knowledge and experience
needed for the effective administration of the CIO

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

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Section C
Objectives and activities		 Section C
Objectives and activities
Summary of the objects of the
charity set out in its governing
document
Summary of the main activities
undertaken for the public
benefit in relation to these
objects (include within this
section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public benefit)
The objects of the CIO are:
a)
To advance for the Public Benefit the Orthodox Christian Faith
b)
To establish, maintain and develop for the Public Benefit a
parish in London, to provide liturgical services, sacrament and
pastoral teaching, according to the rites and doctrines of the
Orthodox Church.
Nothing in this constitution shall authorise an application of the
property of the CIO for the purposes which are not charitable in
accordance with section 7 of the Charities and Trustee Investment
(Scotland) Act 2009 and section 2 of the Charities Act (Northern
Ireland) 2008.
In the first year of operation, and after the end of the Coronavirus
restrictions the Charity has gone from strength to strength.
We have been able to hold regular church services in St. John of Rila
Chapel in the Bulgarian Embassy in Central London. The congregation
has been growing steadily and consistently.
The Charity has obtained permission from the Bulgarian government, the
Bulgarian Patriarchate as well as from the British authorities to renovate
and extend the Chapel of St. John of Rila for the benefit of the growing
congratulation.
Since we were able to open a bank account in 2022, we have run a
successful online and in person fundraising campaign and have managed
to secure funds to start the renovation process as well as to maintain the
services.

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

Section D

Achievements and performance

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4

Summary of the main achievements of the charity during the year

In the first year of operation, and after the end of the Coronavirus restrictions the Charity has gone from strength to strength.

We have been able to hold regular church services in St. John of Rila Chapel in the Bulgarian Embassy in Central London. The congregation has been growing steadily and consistently.

The Charity has obtained permission from the Bulgarian government, the Bulgarian Patriarchate as well as from the British authorities to renovate and extend the Chapel of St. John of Rila for the benefit of the growing congratulation. Since we were able to open a bank account in 2022, we have run a successful online and in person fundraising campaign and have managed to secure funds to start the renovation process as well as to maintain the services.

Section E
 Financial review
Brief statement of the
charity’s policy on reserves
Details of any funds materially
in deficit
The Charity intends to hold a 10% of all income in reserves, which are
intended to cover short term shortfalls in revenue. None of the reserves
will be restricted.
None

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5

Further financial review details (Optional information)

Section F

Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) КИванов Kiril Ivanov Full name(s) Kiril Ivanov Position (eg Secretary, Chair, etc) Secretary Date 01/08/2023

August 2023

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6

Period start date Period end date 01/06/2022 31/05/2023

----- Start of picture text -----
Donations
Income from Donations and Legacies 0
Income and Endowments 0
(Gross income for
AR)
Charity Management & Administration
Charitable Activities
Church Construction Payments
----- End of picture text -----

----- Start of picture text -----
Bank Account
(agree balances with receipts and payments
account(s)) OK OK OK
Signed by one or two trustees on Date of
behalf of all the trustees Signature Print Name approval
----- End of picture text -----

Chartered Practice & Accountants Ltd

601 Britannia House, 11 Glenthorne Rd, London W6 0LH Tel/Fax: 0044208 834 7105 Mobile 00447515344034 Email: accountants@mailreceive.com

Independent Examiner's Report

I have thoroughly examined the financial statements, annual accounts, receipts and payments of The Bulgarian Orthodox Community of St. John of Rila in London ( Charity Registration Number 1199201) for the accounting period 01/06/2022-31/05/2023.

For the above accounting period the Charity has collected £25530 in income, fully from donations, and has spent £22272 on expenses in connection with its charitable works, mainly for the renovation of the church facilities so that they can better serve the congregation as well as the wider community. None of the trustees has received any remuneration or fees.

I am satisfied with the annual accounts of the Charity and have found them to be a true reflection of the Charity's financial status.

Date: 15/08/2023

Independent Examiner: Krasimir Hristov Ivanov MCIM Chartered Practice & Accountants Ltd