2024-05-31-accounts - The Bulgarian Orthodox Community Of St John Of Rila In London

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No (if any)

Charity Name No (if any) THE BULGARIAN ORTHODOX COMMUNITY OF ST. JOHN OF RILA IN LONDON Receipts and payments accounts For the period Period start date To from 01/06/2023

1199201

Period end date 31/05/2024

CC16a

Section A Receipts and payments

		Charity Name	Charity Name	Charity Name	No (if any)	No (if any)	CC16a
		THE BULGARIAN ORTHODOX COMMUNITY OF ST. JOHN OF RILA IN LONDON			1199201
		Receipts and payments accounts
		For the period from	Period start date	To	Period end date
			01/06/2023		31/05/2024
Section A Receipts and payments
		Unrestricted funds	Restricted funds	Endowment funds		Total funds	Last year
		to the nearest £	to the nearest £	to the nearest £		to the nearest £	to the nearest £
A1 Receipts
Donations		182433	-	-		182,433	25,530
Income from Donations and Legacies		-	-	-		-	-
Income and Endowments		-	-	-		-	-
		-	-	-		-	-
		-	-	-		-	-
		-	-	-		-	-
		-	-	-		-	-
		-	-	-		-	-
*Sub total*(Gross income for AR)		182,433	-	-		182,433	25,530

A2 Asset and investment sales, (see table).
		-	-	-		-
		-	-	-		-	-
*Sub total*		-	-	-		-	-
						182,433
*Total receipts*		182,433	-	-			25,530

A3 Payments
Charity Management & Administration		1247	-	-		1,247	1,668
Bank Fees		90	-	-		90	-
Church Construction Payments		28591	-	-		28,591	20,604
Electricity and Heating		2,156	-	-		2,156	-
Rent		200	-	-		200	-
Subscriptions		1,840	-	-		1,840	-
Travel Expences		494	-	-		494	-
Legal and Professional Fees		810	-	-		810	-
		-	-	-		-	-
*Sub total*		35,428	-	-		35,428	22,272

A4 Asset and investment purchases, (see table)
		-	-	-		-
		-	-	-		-
*Sub total*		-	-	-		-

*Total payments*		35,428	-	-		35,428	22,272

*Net of receipts/(payments*	)	147,005	-	-		147,005	3,258
A5 Transfers between funds		-	-	-		-	-
A6 Cash funds last year end		3,258	-	-		3,258	-
*Cash funds this year end*		150,263	-	-		150,263	3,258

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	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	Details	Unrestricted funds	Restricted funds	Endowment funds
		to nearest £	to nearest £	to nearest £
B1 Cash funds	Bank Account	150,263	-	-
		-	-	-
		-	-	-
	*Total cash funds*	150,263	-	-
	(agree balances with receipts and payments account(s))	OK		OK
		Unrestricted funds	Restricted funds	Endowment funds
	Details	to nearest £	to nearest £	to nearest £
B2 Other monetary assets		-	-	-
		-	-	-
		-	-	-
		-	-	-
		-	-	-

	Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
B3 Investment assets			-	-
			-	-
			-	-
			-	-
			-	-

	Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
B4 Assets retained for the charity’s own use			-	-
			-	-
			-	-
			-	-
			-	-
		Fund to which liability relates
	Details		Amount due (optional)	When due (optional)
B5 Liabilities			-
			-
			-
			-
			-

Signed by one or two trustees on behalf of all the trustees	Signature	Print Name		Date of approval
Secretary	КИванов	Kiril Ivanov		16/01/2025

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


Trustees' Annual Report for theperiod
From	Period start date			T o	Period end date
	Day 01	Month June	Year 2023		Day 31	Month May	Year 2024

Section A Reference and administration details

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


1199201 address The Chapel of St John of Rila 186-188 Queen's Gate London Postcode SW7 5HL
	1199201
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

Name of person (or body) Dates acted if not for Trustee name Office (if any) entitled to appoint trustee whole year (if any) Very Rev. Chairman 1 Dobromir Dimitrov Treasurer 2[Lambrini ] Ferkadis 3 Kiril Ivanov Secretary

4[Devorina ] Gamalova
5
6

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	Iassen Kirov-FCCA Christian Associates Ltd.	Avondale House, 262 Uxbridge Road, Hatch End, HA5 4HS

TAR

1 February 2025

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

Section B Structure, governance and management

Description of the charity’s trusts

Charity Constitution Type of governing document (eg. trust deed, constitution) CIO - Charitable Incorporated Organization How the charity is constituted (eg. trust, association, company) Trustee selection methods Every appointed trustee must be appointed for a term of three years by resolution passed at a properly convened meeting of the charity trustees. (eg. appointed by, elected by) 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:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The objects of the CIO are:

a) To advance for the Public Benefit the Orthodox Christian Faith

Summary of the objects of the charity set out in its governing document

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.

TAR

2 February 2025

In the second year of operation 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 until November 2023. 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. A fundraising campaign was started and initial legal and building work began for the conversion of the chapel into a church. In the reporting year, a total of £182433 was raised towards the project. The work began with the intention to complete it within 18 month. During that time Church services were moved to the Greek Orthodox Church of Saint Pantaleimon in Harrow.

Additional details of objectives and activities (Optional information)

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

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main In the second year of operation the Charity has gone from strength to achievements of the charity strength.We have been able to hold regular church services in St. John of during the year Rila Chapel in the Bulgarian Embassy in Central London until November 2023. 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. A fundraising campaign was started and initial legal and building work began for the conversion of the chapel into a church. In the reporting year, a total of £182433 was raised towards the project. The work began with the intention to complete it within 18 month. During that time Church services were moved to the Greek Orthodox Church of Saint Pantaleimon in Harrow.

TAR

February 2025

Section E Financial review

The Charity intends to hold a 10% of all income in reserves, which are Brief statement of the intended to cover short term shortfalls in revenue. None of the reserves charity’s policy on reserves will be restricted.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

The Charity accounts have been independently verified by

You may choose to include additional information, where Mr. Iassen Kirov-FCCA relevant about:

Christian Associates Ltd.

the charity’s principal sources of funds (including any fundraising);

Avondale House,

262 Uxbridge Road,

Hatch End,

how expenditure has supported the key objectives HA5 4HS of the charity;
investment policy and objectives including any ethical investment policy adopted.

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 10/02/2025

TAR

4 February 2025

Christian Associates Ltd Chartered Certified Accountants lassen Kirov-FCCA Avondale House 262 Uxbridge Road Hatch End HA5 4HS 02081918726 iassen@christianassociates.co.uk 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 11992011 for the accounting period 0110612023-3110512024. For the above accounting period the Charity has collected £182433 in income, fully from donations, and has spent £35428 in expenses in connection with its charitable works, mainly for the renovation of the church facilities, as well for day to day running of the Gharity, so that it can better serve the congregation as well as the wider community. None of the trustees has received any remuneration or fees. l am satisfied with the annual accounts of the Charity and have found thern to be a true reflection of the Charity's financial status. Date: 1510112025 Independent Examiner: lasen Kirov Chartered Certified Accountant