Charity registration number 1044539 (England and Wales) Charity registration number SC041111 Iscouand) BCM INTERNATIONAL UK (ANCHOR) TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BCM INTERNATIONAL UK (ANCHOR) TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr S Paget MrA Thomas {Treasurer) Mrs J Girvan (Chairperson) Mrs J Rogers Mr B Abercrombie (Vice Chairperson) Charity number (England and Wales) 1044539 Charity number (Scotland) SC041111 Principal address BCM Intemational UK (Anchor) Trust 214 Church Drive Quedgeley Gloucester Gloucestershire GL2 4US Independent examiner GMCG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN Bankers Santander Bridle Road Bootle Merseyside L30 4GB Solicitor5 Ellis-Fermor & Negus Market Place Ripley Derbyshire DE5 3BS
BCM INTERNATIONAL UK (ANCHOR) TRUST CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities statement of financial position 10 Notes to the financial slatements
BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's Deed, the Charities and Trustee Investment (Scolland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charities Act 2011 Accounting and Reporting by Chartties.. Statement of Recommended Practice applicable to charities preparing thèir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019) Objectives and activities The Trust Deed sets out the following charitable objects- which the Gharity undertakes in England, Wales, Scotland and Northern Ireland.. to proclaim the Gospel in order that children, teenagers and adults come to faith in Jesus Christ as Sawour and Lord., to establish believers in the Christian life and in service through constructive, consistent teaching of the Word of - to encourage attendance al, involvement in. and loyalty to a local Bible-believing church- - to serve the local Bible-believing church- to maintain 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 directly by or through 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 the Charity Commission in deciding what activities the trust should undertake. AGhievements and performance In 2024 the Trustees continued to build on the previous year in their fatthfulness to God's call in fulfilling their role and responsibilities with respect to the objectives of BCM Intemational UK in Scotland and Northem Ireland. The building of closer relationship wlth the Republic of Ireland continues to grow. We have been building on our vision and purpose statement.. "For more and more children and young people to know. love and obey God" The following is a summary of our work during 2024 in the different parts ofthe Uniled Kingdom.
BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Northern Ireland 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 teen, 1 senior teen and 1 family week camp. A total of 583 ampers attended and 251 volunteers were involved. One of the children's camps is targeted towards disadvantaged young people from the Belfast area, some of whom have been referred to us by Social Services. We also ran an additional 4-day residential summer camp at Kilbroney Centre for teens., 34 campers and 10 volunteers were involved. Bible Clubs These Clubs are held during tenn time 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 the Springfield Road, attracting 9-15 children each week in each area. The Bible Club in Lisburn ran from January to March attracting similar numbers. We also ran shorter spells of Bible Clubs in various areas of Belfast during term- time.. 8 clubs in the Markets area, 2 in Turf Lodge, 2 in Rose Street. BCM Residential Weekends - In 2024 we hosted 4 weekend reunions at Mullartown house from the summer camps- Kidslmerge, Family Camp, Junior Teenslmerge and Senior Teens. There were also 2 City Kids, residential weekends and 3 Ctty Teens, residential weekends, primarily attracting children and young people from inner city areas of Belfast. In addition, we had a Summer Camp Volunteer Training Weekend and a Ladies, weekend, at Mullartown House, both run by our BCM Nl Team. Supporting local churches Residential weekends.. Our propetty in Annalong hosts weekends for church-based groups and school and university Christian Unions, enable us to serve the local Bible believing Church. In 2024, 26 different residential groups used our facilities, mpaning we welcomed over 1370 visitors to Mullartown House over the course of the year. These visitors were served by around 100 volunteers. The BCM Centre in Lisburn hosted 3 parachurch groups for Bible studies and prayer meetings until September 2024, 2 Dfthese groups met for the remainder ofthe year in our temporary premises in Railway Street. Summer Outreach: Hello Life - seeks lo reach local communtties through differenl foms of outreach including Bible Clubs, visitation. practical help and family fun days. 5 teams worked during July and August, each made up of an average of 10 - 12 volunteers; in Lurgan, Lisburn, Downpatrick, Belfast and Ballinderry. 3 of the teams were residential. For several of the volunteers this was the first time they had participated in this type of outreach 3 Day to 5 Day Clubs- During ihe Hello Lrfe weeks 63 individual Bible Clubs took place, mostly as part of 3-day, day, or 5-day series in various housing estates, with attendance ranging from 8 to over 30 children, averaging 15 per club. In addition, the teams ran some youth events in Downpatrick and Ballinderry. Other activities.. A number of other activities are held throughout the year to reach children, young people and adults with the gospel and to encourage them in their faith. These included missionaries speaking at schools on over 20 occasions. We also ran a 4-week mentoring programme for some of our summer volunteers.
BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Scoljand 2024 wa5 a year Df contrasts for the work in Scotland. This did not quench the enthusiasm from the many volunteers who gave their time to help us. We continued to work in areas East Dunbartonshire and North Lanarkshire. Children and Teen's work. Each week the children attending the various clubs showed 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 afternoon activities e.g. Qutdoor challenges, 10 pin Bowling and Ice skating, followed by a 'carry out, tea and an evening club-time together. We hosted 3 separate camps at the Windmill Christian cenlre in Arbroath with a great staff team who gave their all for the youngsters to have a superb holiday. The teens had their usual weekend in October which they really enjoyed. Our missionaries from Brazil Settled in and gavè support to the current staff. Junior and Luana Pereira were a real encouragemenl. They fascinated the children with their 'foreign' accent. Adult Ministries Every Thursday aftemoon ourAlsortz group attracted folks of'Alsortz' of ages and, Alsortz, of interests. This popular group is mainly attended by seniors, some of whom have dementia. It is greatly appreoiated and 15 naturally providing much needed support for those who come. The ladies who attended the annual weekends benefited from the break in their normal life routines. and from the exlIent teaching. The numbers were down a little this year. Largely, we suspect, due to the increase in price which reflected the increased chargès by the hotel. A new payment scheme was started which allowed the ladies to spread the cost of the weekend over several months. Financially The Clyde Valley team are coping as best they can with rising costs and making necessary adjustments and planning to apply to some trusts for help in 2025. The Breakout holidays, the teen and ladies. weekends have seen massive increase in costs of accommodation and transport. This has somewhat affected the numbers attending. We do not see these increases will stop any time soon. Our eyes are still on the future as we anti¢ipate seeing God working through us as we bless thè children and young people we serve.
BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Future Minis Develo ment- En land & Wales We were really pleased that our first new Regional Development Missionary Eric Richardson was able to join the BCM Team. Eric, Kristsnna and the family were finally able to join us in January 2025, serving in the London area of West Finchley. He has already started building new contacls with local pastors and churches in the area. He also has already visited the team in Scotland for their Easter break camp and will be visiting Northern Ireland and Republic of Ireland as an opportunity to find out and experien the work of BCM in the different areas. We look to the Lord to open up the doors for developing new Children's ministry in London and in other parts of England & Wales, as he calls new missionaries to setve with us. BCM Candidate Orientation School From 11 15 November a number of our new missionaries Jason Nicholl, Anne Martin, Junior Periera and Eric Richardson travelled to the Netherlands for a candidate orientation week. This was a unique opportunity to learn more about the work and history of BCM Intemational and a chan to meet other missionaries from across Europe and members of the BCM International leadership ieam from the USA. It's main purpose is to prepare our missionaries to serve more effectively in the mission field and to equip them with the tools and knowledge necessary to make a difference in the various contexts where they work. 2024 UK & Ireland Conference We were able to hold our first fat0-face conference since Covid, from 24 - 26 January 2025 at Mullartown House. Although this coincided with Storm Eowyn, which caused serious disruption to travel and power supplies. parti¢ularEy around Mullartown House, we had a great time together. Around 45 adults were able to come, along with their families. Garrett Lowe the Vice President of Personnel from BCM US was our guest speaker, as he spoke on God's calling and our response. We are very grateful to the BCM Nl Team for hosting and organising things for us and for the techniGal support provided by BCM Scotland and for recording the sessions for us. U.K. Oversi ht 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 meetings. However, we did meet in October at a hotel at Bristol Airport. This enabled our teams from Belfast and Glasgow to fly in and meet with Alan from Gloucester. It was a good opportunty for us to meet to consider our passion for mission, as we looked together at the life and ministry of George Muller, who served the Lord in Bristol during the nineteen century. It was also an opportunity to review the applicants which had come forward, following our advertising between August to September. Unfortunately. it was not felt that the applicants were suited for the new roles in England and Wales. The Trustees continue to be responsible for keeping BCM Intemalional UK up to date wilh regulalions and legal requirernents. They continue to be actively involved in monitoring and reviewing of all our policies. They provide pastoral care for thè BCM Intemational UK missionaries and volunteers as they seNe the children and young people. The Trustees are also keeping under review the financial support nèeds 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 to 18. The Trust returned net incoming resources of £12,229 of which there were unrestricted net incoming resources of £10,918 and restricted net incoming resources of £1,311. At 31 December 2024 the balance of unrestricted reserves was £905,890 (2023 - £894,972). The results of the Trust have been impacted greatly in recent years by net gains and losses on investment valuations. In the year ended 31 Dember 2024, included in the statement of financial activtties is a gain on investments of £43,813 (2023 £57,242). Excluding these gains and losses the Trust would have returned net outgoing resources of £32,164 (2023 - £30,648). The policies adopted in furtherance of these objects are detsiled below and there has been no change in these during the year.
BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Unreslricted funds are needed: a) to provide funds which can be designated to specific activities to enable these activities to be undertaken at short notice and b} lo cover administration. fund-raising and support costs without whi¢h the charity could not fvnction. The Trustees consider it prudent that unrestricted res&rves should be sufficient.. a) to avoid the neSSIty of realising fE(ed assets held for the charity's use,. b) to cover direct and indirect expenses. Unrestricted funds currently meet this requirement. The level of reserves is monttored by the Trustees on a regular basis. Restricted funds are restricted donalions held on trust for specific purposes. Al 31 December 2024 the balance of restricted funds totslled £11,44312023- £10,132>. The trustees have a risk management stralegy which comprises- An annual review of the principal risks and uncertainties that Ihe charity fas. The establishment of policies, systems, and procedures to mitigate those risks identified in the annual revièw., and The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks malerialise. This work has identified that financial sustainability is a major financial risk for the charity. As a result, an Investment Policy has been produced to ensure that sufficient liquid funds are held in the Trusts bank accounts to settle debts as they fall due. The liquid funds are regularly reviewed by thè Finance Officer and Trustees and investments are periodically sold to boost the liquid funds held. structure, governance and management The Trust is unincorporated and governed by Trust Deed. The Trustees who served during the year and up to the date of signature of the financial statements were.. Mr S Paget Mr A Thomas (Treasurer) Mrs J Girvan (Chairperson) Mrs J Rogers Mr BAbercrombie (Wice Chairperson) The existing Trustees have the power and responsibility of appointing new Trustees. As much of the charities work is involved in working with Ghildren and young people the trust carries Out DBS checks of all our workers and volunteers in accordance wilh our Child Protection & Safeguarding Policy. We continue lo look at the strengthening of the Trust Board to help us develop a fresh vision for our ministry in the UK and to oversee the govemance and ministry of the mission. Mr A Thomas, continues to seNe as our Finance Officer and therefore receives remuneration from the charity for providing these professional service5, as permitted by the Trust Deed. None of the other Trustees receive any remuneration from their work with the charity, atthough reasonable travelling expenses are reimbursed for attending Ihe formal meetings.
BCM INTERNATIONAL UK (ANCHOR) TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In addition. Mr & Mrs S Paget 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, Carried out by the Trustees. Any connection, or contractual relationship, between a trustee and another organisation which might lead to a conflict of interest, musl be disclosed to the full board of trustees. In the current year no such relatèd paty transactions were reported. The Trustees, report was approved by the Board of Trustèe5. J Girvan Mrs J Girvan (nee Reid) (Chairperson} Trustee Date..
BCM INTERNATIONAL UK (ANCHOR) TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BCM INTERNATIONAL UK (ANCHOR) TRUST We report on the financial statements of the trust for the year ended 31 Dember 2024, which are set out on pages 9 to 18. Respective responsibilities of Trustees and examiner The charity's Trustees are responsible for the preparation of the accounts in accordance with the lemis of the Charities and Trustee Investments Iscodand) Act 2005, the Charities Accounts ISctsUand) Regulations 2006 and the Charities Act 2011. The charity's Trustees consider that the audit requirements of Regulation 10(1){a) to (c) of the Charities Accounts (Scotland) Regulations 2006 and section 144 of the Charities Act 2011 do not apply. The charity is prèparing accrued accounts and we are qualified to undertake the examination being qualified members of Chartered Accountants Ireland. It is our responsibility lo= examine the financial ststements under section 44(11(cl of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Act 2011., (li) to follow the ProdureS laid down in the general Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act., and lili) lo state whether partiGular matters have come to our attention. Basis of independent examinerfs statement Our examination is carried out in accordan with Regulation 11 of the Charities Accounts (Scotland) Regulation5 2006 (the 2006 Accounts Regulations) and the general Directions given by the 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 statements, and seeks explanations from the trustees concerning any such matters. The ProdureS undertaken do not provide all the eviden that would be required in an audit and consequentty w& 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 ststement In connection with our examination, no matter ha5 come to Dur attention: la) which gives us reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 44(11 (al of the 2005 Act, and Regulation 4 of the 2006 Accounts Regulations and section 130 of the 2011 Act. and (li) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations and the requirements of the Charities (Accounts and Reports) Regulations 2008., have not been met or (b) to which. in our opinion, attention should be drawn in order to enable a proper underslanding of the financial statements to be reached. GMCG LISBURN Century House 40 Crescent Business Park Lisbum BT28 2GN
BCM INTERNATIONAL UK (ANCHOR) TRUST STATEMENT OF FINANCtALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restrictsd funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donalions and legaoies Charitable activities Investments Other income 4,568 16,463 6,813 161 59,614 64,182 16,463 6,813 161 5,020 14,341 6.942 178 41,460 46,480 14,341 6,942 178 Totsl income 28,005 59,614 87,619 26,481 41,460 67,941 Expenditure on: Charilable activities 60,900 58,303 119,203 57,489 41,100 98.589 Total expenditure 60,900 58,303 119.203 57,489 41,100 98,589 Net gainsl(losses) on inveslments 10 43,813 43,813 57,242 57.242 Net income and movement in funds 10.918 1,311 12.229 26,234 360 26,594 Reconciliation of funds: Fund balances at 1 January 2024 894,972 10.132 905,104 868,738 9,772 878.510 Fund balances at 31 December 2024 905.890 11,443 917,333 894,972 10,132 905,104 The statement of financial aclivities includes all gains and losses recognised in the year. All income and expendtture derive from continuing activilies.
BCM INTERNATIONAL UK (ANCHOR) TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 11 868,017 849,813 Current assets Debtors Cash at bank and in hand 12 445 57,544 2,908 57,900 57,989 60,808 Creditors: amounts falling due within one year 13 (8,673) {5,51n Net current assets 49,316 55,291 Total assets less current liabilities 917.333 905.104 Income funds Restricted funds Unrestricted funds 15 16 11,443 905,890 10,132 894,972 917,333 905,104 The financial Statements were approved by the Trustees on . and signed on their behalf by.. A J Thomas Mr A Thomas (Treasurer) Trustse 10
BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information BCM International UK (Anchor) Trust is an unincorporated charty, registered with the Charity Commission for England and Wales and the offi of the Scottish Charity Regulator. The charity opèrates from 214 Church Drive, Quedgeley, GIOUSter, Gloucestershire, GL2 4US. 1.1 Accounting convention The financial statements have been prepared in accordance with the Trusvs goveming document, the Charitiès and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Charities AGt 2011 and "Accounting and Reporting by Charities: Stslement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" 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 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopl the going conrn basi5 of accounting in preparing the financial statements. 1.3 Charitable 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 they may be used. The purposes and uses of the restricted ftjnds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the trust is legally entitled to tt 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 ccinditions 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 othetwise if the trust has been nottfied of an impending distribution, the amount is known, and receipl is èxpected. If the amount is not known, Ihe legacy is treated as a contingent asset. Invèslment income is recognised when reiVable. 11
BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continued) 1.5 Expenditure Eypendilure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Eypènditure is classified by activity. The costs of each activty are made up of the total of direcl costs and shared costs, including support costs involved in undertaking each actlvlty. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned betweèn those activitiès on a basis consistent with the use of resources. Central staff Gosls are allocated on the basis of time spent, and depreciation charges are allocated on the portion of thè asset's use. Charitablè expenditure comprises those costs incurred by the charity in the delivery of its activities and ServIS for its beneficiaries. It includes both costs that can be allocaled directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those that assist the work of the charity but do not directly represent charitable activtties and include office costs, governance 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 office. OfFice cosls. depreciation costs, govemance wsts and payroll costs are allocated to charitable activities based on useage. The allocation of the support costs is anatysed in note 7. 1.6 Fixed asset investments Fixed asset investments are stated at market value. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its finanGial instruments. Financial instrumenls are recogni5ed in the Irusvs balance sheet when the trust become5 paty to the contractual provisions of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amount5 and there is an intention to settle on a net basis or to realise the asset and settle the liability 5imult8neously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amorbsed cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future reiptS discounted at a market rate of interest. Financial assets lassified 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 2024 Accounting policies (Continued) Basic financial liabilities Basic finanGial liabilities, including creditors and bank loans are inttially recognised at transaction price unless the arrangement constttutes a financing transaction, where Ihe debt instrument is measured at the present value of the future paymenls discounted at a market rale of interest. Financial liabililies classrfied as payable within one year are not amortised. Debt instruments are subsequenlly carried at amortisèd cost, using the effective interest rate 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 Gurrent liabilities if payment is due within one year or lèss. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using thè effective interest method. Derecognition of r Inancial liabilities Financial liabililies are derecognised when the trusys contractual obligations expire or are discharged or cancelled. Income from donations and legacies Unrestricted Restrictsd funds funds 2024 2024 Total Unrestricted RestrTCted funds funds 2023 2023 Total 2024 2023 Donations and gifts 4,568 59.614 64,182 5,020 41,460 46,480 Donations and gifts Missionary donations and gifts Gifts for general work Camp donations and gifts 58,614 58,614 4,568 1,000 41,460 41,460 5,020 4,568 5,020 1,000 4,568 59.614 64,182 5,020 41,460 46,480 Income from charitable activities Camps and conferences Camps and conferences 2024 2023 Donations and gifts Donations received for charitable activities Other income 15,441 1,022 13,198 1,143 16,463 14,341 13-
BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestricted Unrestrictsd funds funds 2024 2023 Income from listed investments Inlerest receivable 4,519 2,294 4,592 2,350 6,813 6,942 Other income Unrestricted Unrestricted funds funds 2024 2023 Other income 161 178 Expenditure on charitable activities Missionary Camps and expenses conferences 2024 2024 Total Missionary Camps and expenses conferences 2023 2023 Total 2024 2023 Direct costs Missionary cost5 Retirement allowance Camp and conferen expenses 58.303 27,237 58,303 27,237 41,099 25,753 41,099 25,753 16,062 16,062 14.581 14,581 85.540 16.062 101,602 66,852 14,581 81,433 Share of support and governance costs (see note 7) Support 10,924 Governance 6,677 10,924 6,677 9,405 7,751 9,405 7,751 103,141 16,062 119,203 84,008 14.581 98.589 Anal1$ by fund Unrèstricted funds Rèstricted funds 44,838 58,303 16,062 60,900 58,303 42,908 41,100 14,581 57,489 41,100 103,141 16,062 119,203 84,008 14,581 98,589 14-
BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 Insurance Postage and office Telephone Travel Donations Sundry expenses Publication costs 546 1.555 269 1,334 2,672 4,276 270 548 1,236 261 563 3,508 3,085 204 548 1,236 261 563 3,508 3,085 204 1,555 269 1,334 2,672 4,276 270 Accountancy and Bookkeeping 6,677 6,677 7,751 7,751 10.924 6,677 17,601 9,405 7,751 17,156 Analysed between Charitsble activities 10,924 6.677 17,601 9,405 7,751 17,156 Governance costs includes payments lo the indÈpendent examiners of £1,380 (2023 £1,320) for accountancy services. Trustees During the year retirement allowances were paid to Mr Slan Paget and Mrs Irene Paget, as retired missionaries of £5,18412023- £4,884). Mr Alan Thomas reiVed £5,297 12023 - £6,431) during the year for the provision of book-keeping & administrative sèrvices to the charity. Employees 2024 Number 2023 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 2024 10 Gains and losses on investments Unrestricted Unrestricted funds funds 2024 2023 Gains/(losses) arising on.. Revaluation of investments 43,813 57,242 11 Fixed asset investments Unlisted investments Cost or valuation At 1 January 2024 Valuation changes Disposals 849,813 43,813 125,609) At 31 December 2024 868,017 Carrying amount At 31 December 2024 868,017 At 31 December 2023 849,813 12 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 204 241 2,740 168 445 2,908 13 Creditors: amounts falling due within one year 2024 2023 Notes Deferred income Trade credilors Accruals 14 6,790 563 1,320 3,499 758 1,260 8,673 5,517 16-
BCM INTERNATIONAL UK (ANCHOR) TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Deferred income 2024 2023 Arising from deposits held for Conferences 6,790 3,499 15 Restrictsd funds The restricted funds of the chartty comprise the unexpended balanS of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming Resources resources expended At31 December 2024 Missionary Fund Conference Fund Camp Fund 10,057 75 58,614 (57,883) 10,788 75 580 1,000 (420) 10,132 59.614 (58,3031 11,443 Previous year: 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 41,460 141,100) 10,132 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 2024 16 Unrestricted funds At 1 January 2024 Incoming resources Resources expended Gains and losses At31 December 2024 General funds 894,972 28,005 (60,900) 43,813 905,890 Previous year: At 1 January 2023 Incoming Resources resources expended Gains and losses At31 December 2023 General funds 868,738 26,481 (57,489) 57,242 894,972 17 Analysis of net assets bel)Neen funds Unrestricted funds 2024 Restricted funds 2024 Totsl 2024 At 31 December 2024: Investments Current assetsl(liabilities) 868,017 37.873 868,017 49,316 11,443 905.890 11,443 917,333 Unrestricted funds 2023 Restricted funds 2023 Totsl 2023 At 31 December 2023: Investments Current assetsllliabiltties) 849,813 45,159 849,813 55,291 10,132 894,972 10.132 905,104 18 Related party transactions There were no disclosable related party transactions during the year other than those with Trustees disclosed in Note 9. 18-
Signature: Email: judith.girvan@bcm.org.uk Signature: rAIwAk Email: finance@bcm.org.uk