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 Ihoustons@gmcgca.cornl
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
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D. Document emailed lo Alan Thomas (finance@bcm.org.ukl for signature
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Email viewed by Alan Thomas 1finance@bcm.org.ukl
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tro Document e-signed by Judith Girvan lJ'udith.girvan@bcm.org.uk)
Signature Date.. 2024-09-08 - 10..01..09 PM GMT- Titnè Source.. server
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