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BULGARIAN EVANGELICAL CHURCH "SPRING OF LIFE"

Registered charity 1154742 · accounts filings on the Charity Commission register · also known as BEC " 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?.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Religious Activities · Human Rights/religious Or Racial Harmony/equality Or Diversity · website · Get email alerts

Latest income
£45k
Latest spending
£43k
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a net income of £4,298 for the year ended 31 October 2024, with total income of £49,618 against charitable expenditure of £45,320. Per the trustees' report, unrestricted reserves stood at £16,724, which is above the stated policy target range of £4,200 to £8,400. The trustees confirmed the charity is a going concern with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none
“Total income including donations and collections was £49,618 (2023:£53,275) during the period.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three to six months of running costs, ranging between £4,200 and £8,400 (held: £17k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Mr Evelin Todorov received £20,101; V Todorov (trustee's wife) received £10,500.
“Mr Evelin Todorov (trustee) received remuneration of £20,101 (2023:£21,325) during the year. V Todorov, wife of Mr E Todorov received £10,500 (2023:£8,320) as remuneration during the year.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Mr Evelin Todorov received remuneration.
“Mr Evelin Todorov (trustee) received remuneration of £20,101 (2023:£21,325) during the year.” — page 3
“V Todorov, wife of Mr E Todorov received £10,500 (2023:£8,320) as remuneration during the year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: V Todorov, wife of trustee Mr E Todorov, received remuneration.
“Mr Evelin Todorov (trustee) received remuneration of £20,101 (2023:£21,325) during the year.” — page 3
“V Todorov, wife of Mr E Todorov received £10,500 (2023:£8,320) as remuneration during the year.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
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 FY2024 accounts: The accounts state that the charity generated a net income of £4,298 for the year ended 31 October 2024, with total income of £49,618 against charitable expenditure of £45,320. Per the trustees' report, unrestricted reserves stood at £16,724, which is above the stated policy target range of £4,200 to £8,400. The trustees confirmed the charity is a going concern with no material uncertainties identified. Its FY2024 accounts were independently examined.