2023-12-31-accounts

Charity registration number 1044539 (England and Wales) Charity registration number SC041111 (Scotlandl BCM INTERNATIONAL UK (ANCHOR) TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

BCM INTERNATIONAL UK (ANCHOR) TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr S Pagel Mr A Thomas (Treasurer) Mrs J Girvan (Chairperson) Mrs J Rogers Mr B Abercrombie {Vice Chairperson) Charity number (England and Wales) 1044539 Charity number (Scotland) SC041111 Prlncipal address BCM International UK (Anchor) Trusl 214 Church Drive Quedgeley Gloucester Gloucestershirè GL2 4US Independent examiner GMCG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN Bankers Sanlander Bridle Road Boolle Merseyside L30 4GB Solicitors Ellis-Fermor & Negus Market Place Ripley Derbyshire DE5 3BS

BCM INTERNATIONAL UK (ANCHOR) TRUST CONTENTS Page Tru5tees' report Independent examinerfs report Statement of financial aclivities Statement of financial position 10 Notes to the financial statements

BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and financial statements for the year ended 31 December 2023. The financial slatemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with Ihe Trust's Deed, the Charilies and Trustee Investmenl (Scotland) Act 2005, the Charities Accounts (Scotlandl Regulations 2006 (as amended), the Charities Acl 2011 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applir2ble in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019) Objectives and activities The Trusl Deed sets oul the following charitable objects., which the charity undertakes in England, Wales, Scolland and Northern Ireland.. to proclaim the Gospel in order that children, leenagers and adults come to faith in Jesus Christ as Saviour and Lord- lo establish believers in Ihe Christian life and in service through constructive, consistent leaching of the Word of God., to encourage attendance al, involvement in, and loyalty lo a local Bible-believing church- to serve the local Bible-believing church., to mainlain fellowship with all sections of BCM International and the advancement of fellowship with any group of believers having similar purpose and activity, in any part of the United Kingdom or overseas., the provision of financial support for any minister, evangelist, missionary or other worker engaged in the spread of the Christian Gospel, whether direclly by or Ihrough any Church, Mission or Charity by whom such person is supported., and, the relief of povety or suffering. The Trustees have paid due regard to guidance issued by Ihe Charity Commission in deciding whal activities the trust should undertake. Achievements and performance In 2023 the Trustees continued lo build on the prev50us year in their faithfulness lo God's call in fulfilling their role and responsibilities with respect to the objectivès of BCM International UK in Scotland and Northern Ireland. The building of closer relationship with the Republic of Ireland continues to grow. We have been building on our vision and purpose stalemenl.. "For more and more children and young people to know, love and obey God" The following is a summary of our work during 2023 in the different parts of the United Kingdom.

BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Summer Camps- 8 Six-day residential camps were hosted at Mullartown House, Annalong during July & August. 4 of these were children's camps. 1 pre-teen, 1 junior tèen, 1 senior teen and 1 family week camp. A totsl of 570 campers attended and 250 volunteers were involved. One of the children's Gamps is targeted towards disadvantaged young people from the Belfast area, some of whom have been referred to us by Social Services. We also ran a new 4-day residential summer camp at Rostrevor Youth Centre for teens.. 18 campers and 10 volunteer5 were involved. Bible Clubs These clubs are held during term lime and enable us to reach children and encourage them to pursue a deeper relationship with God. The weekly Bible Clubs were run in Stoneyford, Ballygowan and Lisburn attracting 10-15 children each week in each area. We also ran Bible Clubs in various areas of Belfast during term- time: 8 clubs in the Markets area, 11 in Turf Lodge. 4 in Moyard, 5 in Twinbrook, 6 in Rose Street, 6 in Willowbank and 3 in Hannahstown. We also ran 2 discipleship groups for teenagers weekly at Mullartown House, with an average of 75 teens per week, a third group ran monthly in Lisbum with an average of 35 teens per week. An additional bible study group for senior teens met at the BCM Centre in Belfast, during term time. BCM Residential Weekends - In 2023 we hosted 2 weekend reunions at Mullartown house from the summer camps - Senior Teens and Family Camp. There were also 2 City Kids, residential weekends and 3 City Teens, residential weekends, primarily attracting children and young people from inner city areas of Bèlfast. In addition. we had a Summer Camp Volunteer Training Weekend and a Ladies, weekend, at Mullartown House. We have also been able to host residential weekends to support local church-based groups and s¢hool and university Christian Unions. During 2023, 28 different groups used our facililies, meaning we welcomed over 1,200 visitors to Mullartown House over the wurse of the year. These visitors were served by around 100 volunteers. Summer Outreach: Hello Life- we have sought to reach local communities through different forms of OLrtreach induding Bible Clubs, visitation, praclical help and family fun days. 5 teams worked during June, July and Augusl in Lurgan, Lisburn, Downpatrick, Belfast and Ballindery. 4 of the teams were residential. For several of the volunteers Ihis was the firsl time they had participated in this type of outreach. 3 Day & 5 Day Clubs- During the Hello Life weeks 63 individual Bible Clubs look pla￿, mostty as part of 3-day, É day, or 54ay series in various housing estates, with attendance ranging from 8 to over 30 Ghildren. other activities= A number of other activities are held Ihroughout the year lo reach children. young people and adults wsth the gospel and to encourage them in their faith. These included missionaries and intems speaking at schools on over 30 oc¢asions and in other settings on at least 30 further occasions. We also ran a 4-week mentoring programme for some of our summer volunteers.

BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 presented as a good year for the work in Scotland with great enlhusiasm from the many volunteers who gave Iheir lime to help us. The work is mainly based in Iwo areas,. East Dunbartonshire and North Lanarkshire. Children and Teen's work. Each week the children flocked lo the various clubs wilh much enthusiasm. They loved the games. Bible stories, competitions and all we had to offer. The staff were a listening ear for some and good role models for all. The teens continued to meet monthly for various afiernoon activities e.g. bubble football, trampolining; finishing wilh lea and a club-time together. We hosted 3 separate camps al the Windmill Christian centre in Arbroath with a great staff team wtr) gave their all for the yOL¢ngsters lo have a superb holiday. The leens had an additional weekend in October afler which they seemed to bond more together as a gioup. August saw the arrival of IMO new missionaries from Brazil lo slrenglhen the team. Junior and Luana Pereira. They have already been a greal help in these first few months as they strenglhen their grip and understanding of the English language with a Scottish accent. Adult Mini$tries Our Alsortz group continued weekly Ihroughout the year with folks of 'Alsortz' of ages and, Alsorlz, of interest5. This popular group is mainly attended by seniors, some of whom have dementia. 11 is greatly appreciated and is naturally providing much nèeded support for those who come. The two annual ladies, weekends were enthusiaslically received by some 90 ladies who benefitted from the break in their normal life routines, from the excellent teaching and from the friendship shared. A hard-working team of volunteer ladies support Ihe staff with this venture. Providing Technical Support October saw 4 of the missionary team and three of our volunteers venture to Poland lo attend the bi annual BCM European Conference. This was great encouragement lo us all as we listened, leamt, prayed together and relaxed with our fellow co-workers. Of special significance was the presence of our Ukrainian BCM family. Some 27 of them were given permission to attend and everyone lavished God's love on Ihem. We had Iwo ex-presidenls of BCM attend and introduce our new President Dr Rick Rhodes whom we all had the opportunity to meet. We again provided the lechnical expertise needed for the speakers and the recording of the sessions. We also provided recordings in various formals for the talks from the ladies, weekends Financially The Clyde Valley team are coping as best they can with rising costs and making necessary adjustmenls and planning io apply to some trusts for help in 2024. The ladies, weekends have seen massive increase in prices from the hotel they regularly use. This has somewhat affected the numbers attending. They will have to increase the cost lo the ladies significantly over the next few years to accommodate this. We look forward in anticipalion lo all God has for u5 in the future.

BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 .K. Ov As a Trust Board we have continued to meet regularly over Zoom, which has helped redu￿ travelling costs and the need for trustees having to spend weekends away to attend meeting5. Our meeting in November was a face-to- face meeting in Belfast, as we celebrated the retirement of Richard & Sally - Iwo of our long-serving trustees. The Trustees continue to be responsible for keeping BCM Intemalional UK up to date with regulations and legal requirements. They continue to be actively involved in monitoring and reviewing of all our policies. They provide pastoral care for the BCM International UK missionaries and volunteers as they serve the children and young people. The Trustees are also keeping under review the financial support needs of our missionaries, as our missionaries are a vital part of our ministry. Financial review The results for the year are as set out on pages 9 10 18. The Trust returned net incoming resources of £26,594 of which there were unrestricted net incoming resources of £26,234 and reslrioted net incoming resources of £360. At 31 December 2023 the balance of unrestricted reseNes was £894.972 (2022 - £868,738). The results of the Trusl have been impacted greatly in recent years by net gains and losses on in￿stment valuations. In the year ended 31 December 2023, included in the statement of financial activities is a gain on investments of £57.242 (2022 loss on investments of £151,917). Excluding these gains and losses the Trust would have returned net outgoing resources of £30.648 (2022 - £29,578). The policies adopted in furtherance of these objects are detailed below and there has been no change in these during the year. Unrestricted funds are needed= a) to provide funds which can be designated to specific activities to enable these activities to be undertaken at short noti￿ and b) lo cover administralion, fund-raising and support costs wilhout which the charity could not function. The Trustees consider it prudent thal unrestricted reserves should be sufficient: a) to avoid the necessity of realising fixed assets held for the charity's use., bj to cover dired and indirect expenses. Unrestricted funds currently meet this requirement. The level of reserves is monitored by the Trustees on a regular basis. Restricted funds are restricted donations held on trusl for specific purposes. At 31 De￿mber 2023 the balance of restricted funds totalled £10,132 (2022 - £9.772). The trustees have a risk management strategy which comprises.. An annual review of the principal risks and uncertainties that the charity faces. The establishment of policies, systems, and procedures to mitigate those risks identified in the annual review., and The implemenlation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work has identified thal financial sustainabilty is a major financial risk for the charity. As a result, an Investment Policy has bèen produced to ensure that sufficiènt liquid funds are held in the Trusts bank a¢counts to settle debts as they fall due. The liquid funds are regularly reviewed by the Finan￿ Offi￿r and Trustees and investments are periodically sold to boost the liquid funds held.

BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for future periods During 2023 we have worked on developing the vision we shared in last year's report lo call a new leam of missionaries to come and help us reach the UK mission field. We are initially looking lo build a new team to reach Ihe mission field in England & Wales. As a result, we produced Job & Person Specrfications for our two new roles of Regional Development Missionaries and a UK Director. reviewed our recrurtmenl & selection policies and produced a new Application Form and Intelview scoring grid, to prepare us for advertising the roles. We finally advertised the roles in the Christian press and through inlernel advertising in December and earfy January. We were pleased lo interview Eric Richardson an American missionary, who is currently working in France with the Fellowship of International Mission. We are excited that Eric has acGepled our offer to join us as our first Regional Dèvelopment Missionary serving in Ihe London area of West Finchley. We hope that Eric and Kristanna and thè family will be able lo join us by the autumn, once the necessary visa arrangements have been finalised. There is a lot lo do, as he finds accommodation and schooling for his family. We are also very grateful for the partnership we have been able to start to develop with FIM, who will manage his financial support going forward. As we are still committed lo conlinuing lo develop the team, we are planning on advertising for the two roles again from August to September 2024 and intend to add to our previous adverts, Job Cards being advertised by OSCAR a mission's website, who advertise at various Christian events in Ihe UK. We hopè that by advertising earlier in the year, that this will encourage more inleresl. We also are planning on enabling our application form to be completed online, which we hope will make the process easier for any applicants. Structure, governance and management The Trust is unincorporated and governed by Trusl Deed. The Trustees who served during the year and up to the date of signature of the financial statements were-. Mr S Paget Mr R Thompson (retired 2511112023) Miss S McKee (retired 2511112023) Mr A Thomas (Treasurer) Mrs H Paget {resigned 2511112023) Mrs J Girvan (Chairperson) Mrs J Rogers Mr B Abercrombie (Vice Chairperson) The existing Truslees have the power and responsibility of appointing new Trustees. As much of the charities work is involved in working with children and young people the trust carries out DBS checks of all our workers and volunteers in a¢Gordance wilh our Child Protection & Safeguarding Policy. We continue to look at the strengthening of the Trust Board to help us develop a fresh vision for our ministry in Ihe UK and to oversee the governance and ministry of the mission. In 2023, Richard Thompson & Sally McKee both retired at the end of November after seNing on the Trust for many years. We were also sorry lo ac￿p1 the resignation of Helen Paget due to family and work commilmenls. To help us work on our future ministry development, we met as a Full Trust Board on 4 ocoasions during 2023, to achieve greater cohesion as a Trust. In addition, there were a number of separate working meetings with various trustees lo help develop our recruitment documentation. Mr A Thomas, conlinues lo serve as our Finance Officer and therefore receives remuneration from the charily for providing these professional services, as permitted by the Trust Deed. None of the other Trustees receive any remuneration from Iheir work wilh the charity, although reasonable travelling expenses are reimbursed for attènding the formal meetings.

BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In addition. Mr & Mrs S Pagèt are receiving the retirement allowance, which is currently paid to our retired missionaries, on a discretionary basis. However, Mr Paget does not participate in the annual review of the allowance, Garried out by the Trustees. Any connection. or conlractual relationship, between a trustee and another organisation which might lead lo a conflict of interest, must be disclosed to the full board of twstees. In the current year no such related party transactions were reported. The Trusteès, rèport was approved by the Board of Trustees. Mrs J Girvan {nee Reid) (Chairperson) Trustee Date- 7Ak

BCM INTERNATIONAL UK (ANCHOR) TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BCM INTERNATIONAL UK IANCHOR> TRUST We report on the financial statements of the trust for the year ended 31 December 2023, which are sel out on pages 9 10 18. Respective responsibilities of Trustees and examiner The charity's Trusteès are responsible for the preparation of the accounls in accordance with the lerms of the Charities and Truslee Investments (Scotland) Act 2005, Ihe Charities Accounts (Scotland) Regulalions 2006 and the Charities Act 2011. The charity's Trustees consider that the audit requirements of Regulation 1011)lal to (cl of the Charities Accounts (Scotland) Regulations 2006 and section 144 of the Charities Act 2011 do not apply. The charity is preparing accrued accounts and we are qualified to undertake Ihe examination being qualified members of Chartered Accountants Ireland. It Is our responsibility to.. examine the financial statements under section 44(1 Ilcl of the Charities and Trustee Inveslmenl (Scotlandl Act 2005 and the Charities Act 2011., (li) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and (iii) to state whether particular matters have come lo our attention. Basis of independent examinerfs statsment Our examination is carried out in accordance with Regulation 11 of the Charities Account5 (Scotland) Regulation5 2006 (the 2006 Arxounts Regulations) and the general Directions given by Ihe Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statemenls, and seeks explanations from the trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the financial statements.

BCM INTERNATIONAL UK (ANCHOR) TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF BCM INTERNATIONAL UK (ANCHOR) TRUST Independent examinerfs statement In connection wilh our examination, no matter has come to our attention.. {a) which gives us reasonable cause to believe that in any material respect the requirements: to keep aGcounling records in accordance w¢th sèction 44(1) (a) of the 2005 Act, and Regulation 4 of the 2006Accounts Regulations and section 130 ofthe 2011 Act.. and (li) to prepare financial statements which accord with the accounting records and comply with Regulati 8 of the 2006Accounts Regulations and the requirements ofthe CharitiesAct 2011-, have not been met or (b) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be rèached. GMCG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN Dated..

BCM INTERNATIONAL UK (ANCHOR) TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donations and legacies Charitable aclivilies Investments Other income 5.020 14,341 6,942 178 41,460 46,480 14,341 6,942 178 3,429 16,325 6,579 145 38,268 41,697 16,325 6,579 145 Total income 26.481 41.460 67,941 26,478 38,268 64,746 Expenditure on: Charitable activities 57,489 41,100 98,589 54,913 39,411 94,324 Totsl expenditure 57,489 41,100 98.589 54,913 39,411 94,324 Nel gainsl(losses) on inveslmenls 11 57,242 57.242 1151,917) (151.917) Net incomel{expenditure) and movement in funds 26,234 360 26,594 1180,3521 11,143) 1181,495) Reconciliation of funds: Fund balances al l January 2023 868,738 9,772 878,510 1,049,090 10.915 1,060,005 Fund balances at 31 December 2023 894,972 10,132 905,104 868,738 9,772 878,510 The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure defive from continuing activities.

BCM INTERNATIONAL UK (ANCHOR) TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 2022 Notss Fixed assets Investments 12 849,813 813,492 Current assets Debtors Cash at bank and in hand 13 2.908 57.900 4,253 67,519 60,808 71,772 Creditors: amounts falling due within one yèar 14 (5,517) (6,754) Net current assets 55.291 65.018 Total assets less current liabilities 905,104 878,510 Income funds RestrÉcted funds Unrestricted funds 16 10,132 894,972 9,772 868.738 905,104 878.510 The financial statements were approved by the Trustees on . US and signed on their behalf by: MrA Thomas (Treasurer) Trustse 10-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AG¢ounting policles Charlty information BCM Inlemational UK (Anchor) Trust is an unincorporated charity, registered with the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator. The charity operates from 214 Church Drive, Quedgeley. Gloucester, Gloucestershire, GL2 4US. 1.1 Accounting convention The financial statements have been prepared in accordance with the Trust's governing document, Ihe Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 las amended). the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" The trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Updale Bulletin 1 not to prepare a Statèment of Cash Flows. The financial slatemenls are prepared in sterling, which 15 the functional currency of the Tru51. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cosl convenlion. The principal accounting policies adopted are set out below. 1.2 Going concem Al the time of approving the financial slalemenls, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable ftjture. Thus the Trustees ontinue to adopt the going con￿rn basis of accounting in preparing Ihe financial statements. 1.3 Charitsble funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how Ihey may be used. The purposes and uses of the restricted funds are sel oul in the noles to the financial statèments. 1.4 Income Income is recognised when the trust is legally entitled lo it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance condilions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if Ihe trust has been notified of an impending distribution, the amount is known, and receipt is expecled. If the amount is not known, the legacy is treated as a contingent asset. Investment income is recognised when receivable. 11

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefil to a third paty, it is probable that a transfèr of economic benèfits will be requirèd in settlemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of thè total of dif￿1 costs and shared costs, including support costs involved in undertaking each aclivity. Direct costs attributable to a single artivity are allocated directly to that activity. Shared costs which contributè lo more than one aolivity and support costs which are not atlribLrtable to a single activty are apportioned belween those activities on a basis consistent with the use of resources. Cèntral staff costs are allocated on the basis of time spenl, and depreciation charges are allocated on the portion of the asseys use. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activilies and ServI￿S for its beneficiaries. It includes both Gosts that can be allocated directly to such activities and those costs of an indirect nature n&￿Ssary to support them. Support Gosts are those that assist the work of the charity but do not d]re￿lY represent charitable activities and include office costs. govèrnance costs, depreciation costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the officè. Office Gosts. depreciation costs, govemance costs and payroll cosls are alloGated to charitable activities based on useage. The allocation of the support costs is analysed in note 7. 1.6 Fixed asset investments Fixed asset investments are statèd al market value. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other shorklerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabililies. 1.8 Financial instruments The Irust has eleGted to apply ihe provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial inslruments are recognised in the trust's balance sheet when the trust becomès party to the contraclual provisions of the instrument. Financial assets and liabiltties are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction priTr including transaction costs and are subsequently carried at amortised cost using the effedive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dI5￿Unted at a market rate Df interesl. Financial assets classified as receivable within one year are not amortised. 12-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at tran5aclion price unless the arrangement conslitules a financing Iransaclion, where the debt instrumenl is measured at the present valLte of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslruments are subsequently carried at amortised cost, using the effective intèrest ratè method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade credilors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when the Irusl's contractual obligations expire or are discharged or cancelled. Income from donations and legacies Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Donations and gifts 5,020 41.460 46,480 3,429 38.268 41,697 Donations and gifts Missionary donations and gifts Gifts for general work 41,460 41,460 5,020 38.268 38,268 3,429 5,020 3,429 5,020 41,460 46,480 3.429 38,268 41,697 Income from charitable activities Camps and conferences 2023 Camps and conferences 2022 Donations and gifts Donations received for charitable activities other income 13,198 1,143 13,528 2,797 14,341 16,325 13-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Income from listed investments Interest receivable 4,592 2,350 5,005 1,574 6,942 6.579 Other income Unrestricted Unrestricted funds funds 2023 2022 Other in¢ome 178 145 Expenditure on charitable activities Missionary Camps and expenses conferences Total Missionary Camps and expenses conferences Totsl 2023 2023 2023 2022 2022 2022 Direct costs Missionary costs Retirement allowance Camp and conference expenses 41,099 25.753 41,099 25,753 41.739 23.566 41,739 23,566 14,581 14,581 13.595 13,595 66,852 14,581 81,433 65,305 13.595 78,900 Share of support and govemance costs (see note 71 Support 9,405 Governance 7,751 9.405 7.751 8,998 5,245 1.181 10.179 5,245 84,008 14,581 98,589 79,548 14.776 94,324 Analysis by fund Unrestrictèd funds Restricted funds 42,908 41,100 14.581 57.489 41,100 40,137 39,411 14,776 54,913 39.411 84,008 14.581 98.589 79,548 14,776 94,324 14-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Exchange Losses Insurance Postage and office Telephone Travel Donations Sundry expenses Publication costs 48 545 785 258 363 5,846 1.980 354 48 545 785 258 363 5,846 1,960 354 548 1,236 261 563 3,508 3,085 204 548 1,236 261 563 3.508 3.085 204 Accounlancy and Bookkeeping 7.751 7,751 5,245 5,245 9,405 7,751 17,156 10,179 5,245 15,424 Analysed between Charitable activities 9,405 7,751 17,156 10,179 5,245 15,424 Governance costs includes payments lo the independent examiners of £1,320 12022 £1,200) for accounlancy services. Net movement in funds 2023 2022 The nel movement in fvnds is staled after chargingl(crediting)-. Exchangelosses 48 Trustees During the year retirement allowances were paid to Mr Stan Paget and Mrs Irene Pagel, as retired missionaries of £4,88412022- £4,470). Mr Alan Thomas received £6,431 (2022 £4,045) during the year for the provision of book-keeping & administrative Services lo the charity. 10 Employees 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60,000. 15-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Gains and losses on investments Unrestricted Unrestricted funds funds 2023 2022 Gainsl{losses) arising on.. Revaluation of investments 57,242 (151,91n 12 Fixed asset investments Unlisted inveslments Cost or valuation At 1 January 2023 Valuation changes Disposals 813,492 57,242 (20.921) At 31 December 2023 849.813 Carrying amount At 31 December 2023 849,813 At 31 December 2022 813,492 13 Debto 2023 2022 Amounts falling due within one year: Other debtors Prepayments and accrued income 2.740 168 4,253 2,908 4,253 14 Creditors: amounts falling due within one year 2023 2022 Notes Deferred income Tradè creditors Accruals and dèferred income 15 3,499 758 1,260 4,215 1,339 1.200 5.517 6,754 16-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Deferred income 2023 2022 Arising from deposlts held for Conferences 3,499 4,215 16 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. At 1 January 2023 Incoming resources Resources expended At31 December 2023 Missionary Fund Conference Fund 9,697 75 41,460 (41.100) 10,057 75 9,772 41,460 (41,100) 10,132 Previous year: At 1 January 2022 Incoming resources Resources expended At31 December 2022 Missionary Fund conferen￿ Fund 10,840 75 38,268 (39,4111 9,697 75 10,915 38,268 (39,411) 9,772 Missiona Fund The Missionary Fund represents funds received for the benefit of the work of specific missionaries. 17-

BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Unrestricted funds At 1 January 2023 Incoming resourcès Resources expended Gains and losses At31 December 2023 General funds 868,738 26,481 (57,489) 57,242 894,972 Previous year: At 1 January 2022 Incoming resources Resources expended Gains and losses At31 December 2022 General funds 1,049.090 26.478 (54,913) (151,917) 868,738 18 Analysis of net assets betrNeen funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Investments Current assetsl(liabilities) 849,813 45.159 849.813 55,291 10,132 894,972 10,132 905.104 Unrestricted funds 2022 Restricted funds 2022 Total 2022 At 31 December 2022: Investments Current assetsl{liabilities) 813,492 55,246 813,492 65,018 9.772 868.738 9,772 878,510 19 Relatsd party transactions There were no disclosable relaled paty transactions during the year other than those with Trustees disclosed in Note 9. 18

BCM International UK (Anchor) Trust accounts for signing 2023 Final Audit Report 2024-09-08 Created.. 2024-09-05 By.. Stephen Houston [e-mail] Slalus.. Signed Transaction ID.. CBJCHBGAABAA6p81xp4CzEACm4_y9a5NbqYT_GUkD3_a "BCM International UK (Anchor) Trust accounts for signing 2023 ' History Document created by Stephen Houston Ihoustons@gm¢gGa.com) 2024-09415 - 3.'15.'5D PM GMT D. Document emailed to Judith Girvan ([e-mail] for signature 2024-09-05- 3..15.'57 PM GMT D. Document emailed lo Alan Thomas ([e-mail] for signature 2024-09-05- 3.15.'57 PM GMT Email viewed by Alan Thomas [e-mail] 2024-09-05 - 4..00..53 PM GMT Document e-signed by Alan Thomas [e-mail] Signature Datè". 2024419-05- 4:02.'45 PM GMT- Time Source.. server Ernail viewed by Judith Girvan (J'[e-mail]) 2024-09-06 - 2'.42'.08 PM GMT tro Document e-signed by Judith Girvan lJ'[e-mail]) Signature Date.. 2024-09-08 - 10..01..09 PM GMT- Titnè Source.. server Agreement completed. 2024-D9-08- 10'.01.09 PM GMT Adobe Acrobat Sign