BULGARIAN EVANGELICAL CHURCH "SPRING OF LIFE"
Central to the work of the Church is the provision of regular public services of Christian worship which take place each Sunday at 11.30 pm.The Church runs a series of house groups for the growth of faith in the homes of some members and from time to time - courses in parenting, and course for people interested in discovering more about Christianity, entitled ?Alpha Course?.
Objects
TO ADVANCE THE CHRISTIAN FAITH FOR THE PUBLIC BENEFIT IN SUCH WAYS AS THE TRUSTEES DEEM FIT.
Financial health, per its FY2025 accounts
The charity reported a net surplus of £1,161 for the year ended 31 October 2025, with total income of £44,508 and total expenditure of £43,347. Unrestricted reserves stood at £26,200, which the trustees state is over the required range of £4,200 to £8,400 based on their policy of maintaining 3-6 months of running costs. The trustees are satisfied that the charity will continue as a going concern.
What the accounts disclose
“Income from Donations and collections 2 - 44,508 44,508 49,618”
“The trustees consider that reserves sufficient to cover 3-6 months of running costs of the charity should be maintained. This amount ranges between £4,200 and £8,400.” — page 4
“Mr Evelin Todorov (trustee) received remuneration of £19,117 (2024:£20,101) during the year. V Todorov, wife of Mr E Todorov received £12,600 (2024:£10,500) as remuneration during the year.” — page 3
“Mr Evelin Todorov (trustee) received remuneration of £19,117 (2024:£20,101) during the year. V Todorov, wife of Mr E Todorov received £12,600 (2024:£10,500) as remuneration during the year.” — page 3
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/10/2025
- Volunteers: 5
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Self-declared on the annual return for the financial year ending 31/10/2024
- Volunteers: 2
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Self-declared on the annual return for the financial year ending 31/10/2023
- Volunteers: 5
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/10/2023 (received 19/09/2024, 19 days after the 31/08/2024 due date).
Trustees
- EVELIN TODOROVchair
- Aleksandar Gabrovski
- Iliyana Gabrovska
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £45k | £43k |
| 31/10/2024 | £50k | £45k |
| 31/10/2023 | £53k | £42k |
| 31/10/2022 | £39k | £73k |
| 31/10/2021 | £36k | £32k |
Common questions
Is BULGARIAN EVANGELICAL CHURCH "SPRING OF LIFE" financially healthy?
Per its FY2025 accounts: The charity reported a net surplus of £1,161 for the year ended 31 October 2025, with total income of £44,508 and total expenditure of £43,347. Unrestricted reserves stood at £26,200, which the trustees state is over the required range of £4,200 to £8,400 based on their policy of maintaining 3-6 months of running costs. The trustees are satisfied that the charity will continue as a going concern. Its FY2025 accounts were independently examined.
Charities like this
- LUMLEY EVANGELICAL CHURCH
- BEWDLEY BAPTIST CHURCH
- BETHESDA EVANGELICAL CHURCH, HAY ON WYE
- ALVERSTOKE EVANGELICAL CHURCH
- BETHEL EVANGELICAL CHURCH GORSEINON
- SOLENT EVANGELICAL CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BULGARIAN EVANGELICAL CHURCH "SPRING OF LIFE" | £45k | — | 0 | above | — | no doubt |
| LUMLEY EVANGELICAL CHURCH | £26k | — | — | unclear | — | no doubt |
| BEWDLEY BAPTIST CHURCH | £119k | — | 0 | unclear | — | no doubt |
| BETHESDA EVANGELICAL CHURCH, HAY ON WYE | £71k | £28,101 | 0 | unclear | — | no doubt |
| ALVERSTOKE EVANGELICAL CHURCH | £87k | £8,094 | 0 | unclear | — | no doubt |
| BETHEL EVANGELICAL CHURCH GORSEINON | £76k | — | 0 | unclear | — | no doubt |